Trump Media & Technology Group's shares dipped after Trump's return to X, resulting in stock volatility.

From Investing.com: 2024-08-13 06:26:25

Trump Media & Technology Group’s shares dipped in premarket trading after former President Trump returned to X, engaging in a conversation with Elon Musk. This was Trump’s first post on X since August 24, 2023. The parent company, DJT Corp, saw a 2.4% drop in shares premarket, closing 5% lower at $24.88. Second-quarter results revealed a net loss of $16.4 million, with revenue down to $837,000, a 30% decrease from last year. Sales for the year were slightly above $4 million, with net losses nearing $60 million, signaling ongoing challenges for Trump Media. Musk and Trump discussed various topics, gaining Trump around 900,000 new followers.



Read more at Investing.com: DJT stock volatility to continue as Trump returns to Musk’s X By Investing.com