Trump's media company, Truth Social, began trading on Nasdaq under DJT symbol, gaining 25% since debut. However, SEC filings show it lost over $58 million in 2023. The parent company, Trump Media & Technology Group, faced a drop of 16% in its stock value and doubts about meeting financial liabilities post-merger.
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
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%
New: Trump Media — the parent company of Truth Social — recorded $58m in losses against $4m in revenue in 2023, per SEC filings. The merger to take the company public last week unlocked new capital but the business fundamentals don’t justify $7bn valuation.
$DJT -10% ❖ FORMER PRESIDENT TRUMP'S SOCIAL MEDIA COMPANY LOST OVER $58 MILLION IN 2023, AXIOS REPORTS IN CITING A SEC FILINGS
NEW: Trump's social media company Truth Social lost over $58 million last year, according to new SEC filings. https://t.co/Sizy7KrjQD
$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