Shares of Trump's Truth Social parent company plummeted more than 20% after disclosing a $58 million loss last year, wiping out over $1 billion from Trump's stake. The company raised doubts about its financial viability, with accountants warning of substantial doubt about its future.
Traders are scrambling to bet against Trump's social media company, even after short-sellers lost $100 million last month betting on a decline in the stock that never came. https://t.co/QkPSZ2NQ84
$DJT: What Are Investors Actually Buying? last week, a small float and a lot of retail interest sent shares of trump's new media company soaring into meme stock territory its market cap peaked at over $10B, but has since dropped to ~$6.75B as @jason lays out, investors should… https://t.co/B05HjeUzCz
'Daily Show' mocks Trump over Truth Social stock crash https://t.co/bv79nzaysv
DJT Stock Slips. Trump Is Suing Co-Founders of the Truth Social Parent. https://t.co/bylzWTorI2
Oh my God! Trump’s “Truth Social” is bleeding money and the stock is dropping. Who could have foreseen that it was another scam?! https://t.co/VDscuJXHmj
"Trump Media auditor raises doubts about Truth Social's future in new filing." (via @bailey_schulz) https://t.co/B1oZ3v4hwY
Trump's Truth Social shares plummet by 21% after financial filings reveal https://t.co/9ac5YAi69H https://t.co/QDhzmps35j
Donald Trump Loses $1 Billion in a Single Day Amid "Truth Social" Disaster https://t.co/V6Y3JKqRXA
Trump-and-dump: Speculators bet on Truth Social 'meme' stock @ab_summerville https://t.co/KheBs0Ggi5
How Much Is Trump’s Truth Social Worth? https://t.co/vKCn1KQWMQ
Trump Media stock slumps after skyrocketing first-day rise https://t.co/XwhlLDF9pC https://t.co/XwhlLDF9pC
CNN Crew Busts Out Laughing Over Trump Losing $1 Billion In Truth Social Stock Dive https://t.co/q0wz1SCmx9
$DJT (-2.7% pre) Trump-and-dump: Speculators bet on Truth Social 'meme' stock - Reuters https://t.co/BQJDNVQMab
$DJT (-2.7% pre) Trump Media stock closes 21% lower after company reports $58 million loss for 2023 - CNBC https://t.co/ZDeeFJVoJu
Trump-and-dump: Speculators bet on Truth Social ‘meme’ stock https://t.co/mMnSiGfjHR
Trump-and-dump: Speculators bet on Truth Social 'meme' stock https://t.co/sa8yolKa6a
Trump is worth a billion dollars less – on paper – after Truth Social shares tumble https://t.co/4jIv7kyrCm
DJT Stock Drops. Trump’s Stake in Truth Social Parent Is Falling in Value. https://t.co/YrSlNe8sNf
#FPTech: Donald Trump's net worth falls by $1 billion as Truth Social tanks after reporting $58mn loss https://t.co/o9v4STxwTX
#DonaldTrump's net worth plunges $1bn after #TruthSocial's $58mn loss and stock debacle https://t.co/FDXtVd3i71 https://t.co/nDijG1rsxR
Donald Trump loses USD 1Bn in Net Worth as stock value of his media firm dips #DonaldTrump https://t.co/msXR7odzo5
Shares in Trump Media tumble after filings reveal a $58m loss last year https://t.co/SNnjXyy1oH
WATCH: Trump Media & Technology Group lost more than $58 million in 2023, the company said in a filing, sending shares reeling less than a week after the Truth Social parent went public through a high-profile blank-check merger https://t.co/RrGNIABTe7 https://t.co/4sXG9wPWYZ
Trump Media stock tumbles on going-concern warning, Truth Social losses https://t.co/CgAYXRA4qQ
Trump Media & Technology Group closed down 21% on April 1, wiping out the gains from last week, after it disclosed a $58M+ loss on $4.1M in revenue in 2023 (Reuters) https://t.co/TpeYamvtTQ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/YjXVOD5pPY
Donald Trump's stake in Truth Social is down $2.4 BILLION since stock market debut last week - as shares plunged further 21% today after full scale of company's losses emerged https://t.co/WO9tfuxBJ0 https://t.co/YHbdks31ng
The Financial Situation At Trump's Truth Social Is A Disaster https://t.co/sv1wCxoWdj
Truth Social stock plummeted on Monday after an ugly filing reveals it lost $58 million last year. https://t.co/baiYuO4f5H https://t.co/RAkJIlL9Ql
Trump’s net worth takes $1 billion hit after DJT stock plunge https://t.co/V3efSsy4lh
Former President Donald Trump’s fortune shrank considerably Monday as shares of his social media company tanked after the company revealed its latest financial results, predictably well below what a typical multibillion-dollar company would deliver. https://t.co/j9vKUl9uVx
Truth Social: Trump's DJT stock plummets days after going public https://t.co/tF8mxRiFOk
🚨🚨 Donald Trump’s media business generated less than $1mn in revenue in the fourth quarter, highlighting the lossmaking business’s precarious financial position even as it maintains a market capitalisation of nearly $10bn. https://t.co/BM8fFs05nl
🇺🇸 BREAKING: TRUMP LOSES A BILLION DOLLARS His net worth just plummeted as the share price of his social media company, Truth Social, fell by a shocking 20%. The news comes after it was revealed Trump may have used Truth Social to spread misinformation about the daughter of one… https://t.co/PjLgtI9H0C
Trump Media’s inexplicable ascent came crashing down on Monday, as shares of the social media firm plunged more than 21 percent, knocking roughly $1billion off former President Donald Trump’s net worth. https://t.co/dKQOsPuTm7
Truth Social’s stock tanked after the company revealed it lost money last year, but there’s plenty of reasons it could still earn Trump a nice payout. https://t.co/jznCTq7aIe
Trump’s Truth Social Stock Plunges Following Release Of Company's Financial Results https://t.co/bx10T2zFwY by @Rosemarietv
Donald Trump's fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company's stock price lopping $4 billion off its value. https://t.co/PBiyEHMRvd
Truth Social said Monday that its losses are so severe that company accountants warned they “raise substantial doubt about its ability to continue as a going concern.” ie may not survive long, since its underlying value is basically ethereal.
$DJT sank more than 21% after an updated regulatory filing showed the company taking on heavy losses. Trump Media reported sales of just over $4M as net losses reached nearly $60M last year. The company warned it expects losses to continue amid greater profitability challenges. https://t.co/jHwulaUZM1
📉 MAGA meme stock meets reality as Truth Social shares fall, resulting in Trump's net worth plunging $1 billion. https://t.co/wvJ4QC5haP
Shares of Donald Trump’s social media company slumped more than 20% on Monday, as the fervor around its debut on public markets last week appeared to subside. The sell-off cut the market value of Trump Media & Technology Group by some $2 billion. https://t.co/X3VIaFQ4gZ
WATCH: Shares of Trump Media & Technology Group fell more than 20% as the parent of the Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger https://t.co/RrGNIABloz https://t.co/gRWHoGCqmu
Trump’s Truth Social shares have now fallen below $48 after soaring over $79 in the span of a week. https://t.co/7YdoNdWd4d
Investor Fools Day! Trump’s stock plummets today, closing at $48.66 a share down from $74.74 just a few days ago. This followed an SEC filing this morning showing the company lost $58 million last year. Story …https://t.co/xBajgLkFUA
Trump Media Shares Tumble After Recent Cash Crunch Disclosed https://t.co/eiitVOIHXn
Trump lost $1 billion today as the stock price for his Truth Social parent company plunged 21 percent when investors learned today that his company lost $58 million last year. ETTD. https://t.co/UsHf42QimE
Shares of Trump's Truth Social parent DOWN 21%, erasing more than $1 BILLION from his stake Source: WSJ https://t.co/hnCzlYSkIq
Breaking: Shares of Trump's Truth Social parent dropped 21%, erasing more than $1 billion from his stake https://t.co/myGrRreeS1 https://t.co/myGrRreeS1