Trump Media & Technology Group Corp. has announced a stock buyback authorization of up to $400 million.
Trump Media shares gained over 2% on the news.
The company plans to repurchase common stock through open market transactions, with the flexibility to determine the timing and amount at its discretion. The repurchased shares will be retired by the company. CEO Devin Nunes stated that this move reflects confidence in the company's strategic plans and supports shareholder returns.
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