Former President Donald Trump has issued a statement on Truth Social, describing the company's financials as 'very solid' with zero debt and $200 million in cash, despite media focus on last year's $58 million loss. Trump Media & Technology Group ($DJT), the parent company of Truth Social, has been a target for both speculation and skepticism in the financial markets. After its shares surged to as high as $79 on March 26, the day trading began, they have since experienced volatility, closing recently at $40. This fluctuation has attracted attention from short-sellers betting on the stock's decline, with some losing $100 million last month. Trump's statement and the stock's performance have sparked discussions on its future, with some predicting a further decline, while others remain hopeful.
🚨 TRUTH SOCIAL BLEEDS $58M | TRUMP'S SHARE SOARS TO BILLIONS Truth Social reported a loss of $58 million last year on just $4 million in revenue. Yet, Trump's stake in the venture skyrockets as company execs pocket millions in salaries and stock. Source: WaPo https://t.co/7wt2ONthqx
Donald Trump on Truth Social: https://t.co/LHqnYhWjiE
Donald Trump on Truth Social https://t.co/Gitmc1RggW
"Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week." https://t.co/7v96Ekb2m5
Trump's Truth Social Stock PLUMMETS AGAIN and Is 'On Its Way to Go Lower,' Says CNBC Contributor https://t.co/LRtLa9HjUI
Traders Are Betting Millions That Trump Media Will Tumble - The New York Times “The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in the stock that didn’t come.” https://t.co/BjSp2S4PnI
Trump's Truth Social Stock PLUMMETS Again and Is 'On Its Way to Go Lower,' Says CNBC Contributor https://t.co/zmph1uvQZE
"It's not a penny stock yet, but it looks like it's on its way to go lower," says @herbgreenberg on Trump Media. "Some people say it's a stock that will either go to zero, or will end up being state TV. Depends on your perspective." $DJT https://t.co/JrqGYC9V2V
Trump Media ($DJT) shares surged to as high as $79 on March 26, the day trading began; closed today at $40
$DJT Can we please get this under $10 by September lockup exp. so Donnie has very little meat on the bone. I still stand by my sub $1 call for Dec. 31 2024 👍🍻
Long $DJT https://t.co/bjn83FEiqy
$DJT 50 by close?
Trump Says Truth Social’s Financials Are ‘Very Solid’ With Zero Debt and $200 Million Cash as Media Fixates On Last Year’s $58 Million Loss https://t.co/LG4hJGzrRa
Trump issues lengthy statement on Truth Social stock price. https://t.co/hjTMRhN0BH