Trump Media shares plunge after company reports $58 million loss in 2023 ...Middle East

The Hill - Technology

Former President Trump's social media company plunged in the stock market Monday after reporting a $58 million annual loss in Monday regulatory filings. Shares of Trump Media & Technology Group, the parent company of Trump's Truth Social platform, were down roughly 24 percent shortly after 1 p.m. EDT. The price of a share was down to roughly $47. Trump Media merged with "blank check" company Digital World Acquistion Corp. (DWAC) in March, allowing Trump's social media company to become publicly traded. DWAC shares closed at just under $50 the day before the newly combined company hit the stock market. The nosedrive in Trump Media shares came after the company reported a loss of $

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Last updated : 01 April 2024 clock 08:32 PM

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Trump Media shares plunge after company reports $58 million loss in 2023 ...Middle East

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