This clarification shows a picture of President -elect Donald Trump next to the phone screen that displays the real social application, in Washington, DC, on February 21, 2022.
Stephanie Reynolds AFP | Gety pictures
Trump Media and Technology Group On Wednesday, it announced that it is expanding in financial services, including investment vehicles.
The shares of Truth Social Pateer Company, which trades under DJT TOCKER, jumped with more than 15 % in pre -market trade.
The Financial Services Department will be known as Truth.fi, and it will start with an amount of $ 250 million from the company that will be warned with Charles Schwab, according to the press statement. These funds will be allocated to customized exchange boxes and encrypted currencies, among other investment vehicles.
The company said it expects to launch products and services, including its investment vehicles, later this year.
“The truth. Fi is a natural expansion of the real social movement. We have started creating a free social media platform, and we added a high -speed television broadcast, and now we move to investment products and decentralized financing,” he said. TMTG CEO and Devin Nunes Chairman in the press statement. “The development of the first American investment vehicles is another step towards our goal of creating a strong environmental system through which American patriots can be protected from the current threat of cancellation, control, violations and privacy committed by Big Tech and Woke.”
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