Trump Media plunges more than 20% after company reports net loss of $58 million in 2023

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Trump Media, whose majority shareholder is former President Donald Trump, “expects to incur operating losses for the foreseeable future,” the filing…

Shares in Trump Media Technology Group fell sharply after the company reported a net loss of $58 million in 2023.

"TMTG expects to incur operating losses for the foreseeable future," says the filing by the company, which has a market valuation of more than $6.5 billion.Amazon is trying to get rid of its signature brown boxes. The retail shipping giant has a long way to go"TMTG expects to incur operating losses for the foreseeable future," says the filing, which came a week after the company began trading under the ticker DJT on the Nasdaq.

He also stands to receive another 36 million shares of so-called"earn-out" shares over the next three years, as long as Trump Media's stock during that time hits a series of price benchmarks. These targets are all well below the company's stock price early Monday.

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Trump Media shares fall sharply after company reports net loss of $58 million in 2023Trump Media, whose majority shareholder is former President Donald Trump, 'expects to incur operating losses for the foreseeable future,' the filing says.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Trump’s media company lost $58 million in 2023Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023.
منبع: cnni - 🏆 326. / 59 ادامه مطلب »

Trump’s Truth Social lost $58 million in 2023, despite $8 billion stock-market valuationThe share price of the company - which uses the stock ticker DJT, for Trump’s initials - plunged roughly 14 percent Monday morning.
منبع: adndotcom - 🏆 293. / 63 ادامه مطلب »