Donald Trump's social media company lost $58 million last year. Freshly issued shares tumble

  • 📰 SooToday
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 85%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

NEW YORK (AP) — Less than a week after a flashy stock market debut , Donald Trump's social media company is disclosing that it lost nearly $58.2 million in 2023.

NEW YORK — Less than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly $58.2 million in 2023.

Revenue for Trump Media topped just over $4.13 million in 2023, the SEC filing shows, although that's up from $1.47 million in 2022. Trump Media's shares soared in their first couple days of trading — surpassing $79 at one point Tuesday — but have since fallen closer to their initial offering price of $49.95. As of midday Monday, Trump Media's stock plunged more than 23% to below $48, meaning a lot of early investors are taking a hit.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Donald Trump's social media company lost more than $58 million last yearNEW YORK (AP) — Less than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly $58.2 million in...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Donald Trump's social media company lost US$58 million last year. Freshly issued shares tumbleLess than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly US$58.2 million in 2023.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »