Trump Media & Technology Group (TMTG), which recently went public under the ticker symbol DJT, experienced a significant surge in its stock value, gaining 25% since its debut. However, the company's stock has faced volatility, with a notable decline of 16% following reports of a $58 million loss in 2023, as per SEC filings. Concerns have been raised about the company's ability to continue operations, with an auditor expressing doubts about its sustainability. This financial instability comes despite the initial optimism surrounding TMTG's launch, which was seen as a direct path to support former President Trump's financial interests and potentially brighten his prospects for the 2024 election. The stock's performance has been a roller-coaster, with initial gains of over 24 percent overshadowed by subsequent losses and raising going-concern doubts. Trump Media trades at a valuation of 2,500x sales, and if it were to trade in line with its peer group, its share price would decline by -99.7% from current levels. The company's flagship platform, Truth Social, is at the heart of these financial discussions.
“I am concerned because if there is a quantum effect from Trump—if his pathology did impact not just the electorate but the institutions of civil society—then even defeating him in 2024 won’t be the end.” https://t.co/ZeAFk5BTk6
“There was decay beneath the surface in 2014; this rot allowed Trump to happen. But then the fact of Trump became an entirely new and separate sickness.” https://t.co/ZeAFk5BTk6
Trump's media company raises going-concern doubts; shares tumble https://t.co/UP2PoNBaNB https://t.co/2TbhU7LLgJ
Trump’s Truth Social lost $58M in 2023 to fuel ‘meme-stock’ fears after stock’s roller-coaster debut https://t.co/LymKFVsGKA https://t.co/KLhupRtGcO
“While Trump’s rise was merely indicative of an existing sickness in American society, he has since caused a larger transformation. He is both wave and particle. Or, if you prefer, both symptom and disease.” https://t.co/ZeAFk5BTk6
average private A.I. startup valuation https://t.co/IfAoj9Ipuz
Trump says he's made the decision and it will happen. What's your reaction? https://t.co/zc5Ym4PqWZ
An auditor has raised doubts about the ability of former President Trump's publicly traded company to stay in business, according to a new regulatory filing. https://t.co/xYM0S5I0xY
Trump’s media company shares fall after raising going-concern doubts https://t.co/vhWuJZAnWp
Trump Media has lost more than 14% in the first 2 hours of trading today. A total crash is inevitable. Everything Trump touches dies. #ETTD https://t.co/e8OdxTfuVw
Truth Social-Linked Stock Falls 13%—Donald Trump’s Stake Down $2 Billion From Peak https://t.co/bb5GUmbUTI https://t.co/CANa1UWSVR
Shares in Donald Trump's social-media company are down about 13%. On Monday, updated regulatory documents showed that a lock-up for Trump and other insiders for six months following Trump Media's debut as a listed company is still in place. https://t.co/9UfDCmUdnS
Trump Media Stock Surges 24 Percent in First Week of Trading https://t.co/tp8VNKkR60
Trump's media company falls after raising going concern doubts https://t.co/JCiEgvcNji https://t.co/qWZdKzfRnY
Trump Media Stock Falls for Second Day After Rising 24% in First Week of Trading https://t.co/14PlINn6kp
April 1 (Reuters) - Shares of Trump Media & Technology Group DJT.O fell 15% on Monday after it raised doubts that the parent firm of Truth Social might not be able to meet financial liabilities, days after completing its merger with blank check firm DWAC https://t.co/dUu072TrEm
⚠️ TRUMP'S MEDIA COMPANY FALLS AFTER RAISING GOING CONCERN DOUBTS Full Story → https://t.co/z0Fy6qHh3I Shares of Trump Media (and) Technology Group fell over 15% on Monday after it raised doubts that the parent firm of Truth Social platform might not be able to meet its… https://t.co/OewXAHxb31
$DJT TRUMP MEDIA & TECHNOLOGY EXTENDS DROP TO 16%
*TRUMP MEDIA & TECHNOLOGY EXTENDS DROP TO 16%
$DJT -10% ❖ FORMER PRESIDENT TRUMP'S SOCIAL MEDIA COMPANY LOST OVER $58 MILLION IN 2023, AXIOS REPORTS IN CITING A SEC FILINGS
Trump Media's stock is almost certain to crash https://t.co/GdmDJ5oHFd
The stock performance of #Trump Media & Technology Group (#TMTG) blew past expectations as shares surged by more than 24 percent in its first week of trading after going public. https://t.co/Dc6jkZCT4r
Trump Media trades at a valuation of 2,500x sales Its social media comps trade at 4x to 12x sales If it were to trade in line with its peer group, $DJT share price would decline -99.7% from current levels https://t.co/DKJWEaQZVs
🤡NN🍌PUTIN❤️TRUMPISTAN 🇺🇲 : UNMINTED DJT TRUTH SOCIAL MEMESTOCK BILLIONARE DONALD TRUMP AND PUTIN TO SELL 1987 VINTAGE TRUMP PP AFTER LATEST ATTEMPT TO FLEECE MAGA MORONS & DESECRATE BIBLE OVER EASTER/TRUMP HOLY WEEK FAILS WITH SALES LOWER THAN TRUMP TREASON ONE SNEAKERS AND https://t.co/aD9yibXtsI
$DJT | Trump's Newly Public Media Company Gives Supporters 'Direct Path' To Boost Ex-President's Bottom Line, Brightens His 2024 Election Prospects TMTG began trading on the Nasdaq under the ticker symbol DJT on Tuesday and has gained 25% since its debut. The company now boasts… https://t.co/lE7JDqGPXp