From Yahoo Finance: 2024-04-01 16:17:20

Trump Media & Technology Group (DJT) saw its stock price drop over 21% following a blockbuster debut last week. An updated regulatory filing showed the company reported sales of $4 million with net losses nearing $60 million for 2023. The company warned of ongoing losses and challenges ahead due to its ties to former President Trump. Truth Social has attracted about 9 million users but depends heavily on Trump’s reputation. Trump holds a 60% stake in the platform, and selling shares could help him amid legal and financial challenges. Experts predict potential lawsuits if the lockup period is waived for shareholders.



Read more at Yahoo Finance: Trump Media stock tanks as new filing reveals heavy losses, ‘greater risks’ on Trump’s involvement