Trump Media stock falls 10% after posting $327.6 million loss in first quarter
Publishing timestamp: 2024-05-21 12:52:33
Summary
Trump Media shares fell after reporting a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024. The majority shareholder is former President Donald Trump. The company's stock has been volatile since going public in March. Despite a lack of significant revenue, it currently has a market capitalization of roughly $6 billion.
Sentiment: NEGATIVE
Keywords: politics, breaking news: markets, trump media & technology group corp, stock markets, donald trump, breaking news: politics, business news, elections, markets,
Source: https://www.cnbc.com/2024/05/21/djt-trump-media-stock-falls-after-big-q1-loss.html