Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
Publishing timestamp: 2024-04-01 13:48:45
Summary
Trump Media & Technology Group reported a net loss of $58 million in 2023, causing its share price to plummet by more than 25%. The company's total revenue was just $4.1 million, leading to concerns about its financial stability and future profitability. Despite the drop in share price, the company still has a market capitalization of over $6.8 billion. Trump's involvement in the company poses unique risks, according to a filing with the Securities and Exchange Commission.
Sentiment: NEGATIVE
Tickers: DJT,
Keywords: business news, breaking news: politics, trump media & technology group corp, breaking news: markets, social media, business, politics, markets, donald trump,
Source: https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html