Shares of Trump Media & Technology Group (TMTG) dropped by over 23% after reporting a loss of nearly $60 million. The company, which went public through a merger with Digital World Acquisition Corp., had a revenue of $4.1 million but an operating loss of over $58 million. The stock surged during its market debut but declined significantly after the disclosure.
Shares of Trump Media & Technology Group ( TMTG ) plummeted by more than 23% on Monday after the parent company of former President Trump's Truth Social platform reported it lost nearly $60 million last year. TMTG , which trades on the Nasdaq under the symbol "DJT," reported it brought in $4.1 million in revenue in 2023 but had an operating loss of more than $58 million.
The former president's social media company went public last week through a merger with the use of a special purpose acquisition company, Digital World Acquisition Corp. (DWAC). TRUMP MEDIA SHARES SURGE IN MARKET DEBUT Retail buyers fueled the stock's surge in its March 26 debut, where it climbed to a market value of around $8 billion. But Monday's disclosure brought out sellers, sending the stock down $14.45, or 23%, to $47.51 on more than 14 million shares. It had closed at nearly $58 on its first day of tradin
Trump Media & Technology Group TMTG Stock Loss Revenue Merger Digital World Acquisition Corp. Market Debut
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Truth Social parent company Trump Media & Technology Group to become publicly traded companyEXCLUSIVE: Shareholders voted Friday to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded entity, Fox News Digital has learned.
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Trump Media & Technology Group Corp Stock Price Today | NASDAQ DJT Live TickerView today's Trump Media & Technology Group Corp stock price and latest DJT news and analysis. Create real-time notifications to follow any changes in the live stock price.
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Trump Media & Technology Group lost $58m last year, shares sinkTrump Media & Technology Group lost $58m last year, shares sink
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Trump Media & Technology Group lost $58m last year, shares sinkTrump Media & Technology Group lost $58m last year, shares sink
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Trump Media & Technology Group stock falls more than 21% after disclosure of $58M loss for 2023Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
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Trump's Truth Social Stock Spikes on Market DebutShares of Trump Media & Technology Group Corp. opened its first trading day up.
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