Social Media Company's Share Price Plummets After Initial Surge

  • 📰 HuffPostCanada
  • ⏱ Reading Time:
  • 51 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 53%

Business News

Social Media,Share Price,Plummet

The share price of the social media company plummeted this week, days after it started publicly trading. Experts warned of overinflation and predicted a downfall. The company disclosed losses and financial struggles.

The share price of the social media company plummeted this week, days after it started publicly trading under the ticker DJT. The price had initially surged, but experts warned it was overinflated and doomed to fall.

“Now in fairness, that’s not just some dude’s opinion. He’s quoting the company’s slogan,” Meyers added, as the following mock graphic appeared:Monday’s price plunge occurred after the company disclosed millions in losses in a regulatory filing and said it could struggle to meet its financial liabilities.At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions.

Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way. Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Thank you for your past contribution to HuffPost.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 61. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump's social media company will go public after merger with shell company is approvedNEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president’s media business in a Friday vote.
Source: SooToday - 🏆 8. / 85 Read more »

Truth Social: Trump's social media company approved to go publicDonald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process.
Source: CP24 - 🏆 30. / 67 Read more »

Trump's social media company approved to go public, potentially netting former president billionsNEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president’s media business in a Friday vote.
Source: SooToday - 🏆 8. / 85 Read more »

Trump's social media company approved to go public, potentially netting former president billionsDonald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Trump's social media company approved to go public, potentially netting former president billionsDonald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

B.C. e-bike company shares evidence on social media after brazen container theftDELTA, B.C. — Police in Delta, B.C., say they're investigating a theft of a shipping container that contained thousands of dollars worth of electric bicycles.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »