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Vanguard, BlackRock, Citadel up Their Stakes in Trump MediaThe filings also showed that Vanguard, BlackRock, and Citadel increased their stake in Trump Media and Technology Group (NASDAQ: DJT) by a combined 7.8 million shares.
Trump Media is the parent entity of the Truth Social platform, the Truth Plus content streaming service, and the soon-to-be-launched asset management and ETF service under the Truth.Fi banner.
The company's balance sheet does show one interesting item: unearned revenue on the company's books declined from $4.41 million at the end of Q3 2024 to $1.01 million by the end of 2024, implying that the company recognized $3.4 million in unearned revenue during the quarter and had total billings of ~$200,000 (reported sales for the year were $3.6 million).
Trump Media did not immediately respond to a request for comment on the Vanguard, BlackRock, Citadel, and Trump Organization filings, or on the company's plans for the upcoming quarter.
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