Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a stark decline compared with the profit of $50.5 million that the former president's company reported for 2022, according to a company filing with securities regulators.
In addition to four criminal cases — which each come with its own expensive lawyers — Trump faces a $454-million-plus civil fraud penalty after a New York state judge ruled that he and others at his company had schemed for years to dupe banks, insurers and others by inflating his wealth on financial statements. Last week, Trump won a break when an appeals court cut the amount he needs to put up to pause collection while he appeals to $175 million, which Trump has said he will be able to cover.
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Trump Media stock falls more than 21% after company discloses $58 million loss for 2023Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »
Trump Media stock falls more than 21% after company discloses $58 million loss for 2023Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
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Trump Media stock falls more than 21% after company discloses $58 million loss for 2023Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
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Trump Media stock falls more than 21% after company discloses $58 million loss for 2023April is National Donate Life Month and Methodist Hospital held a special flag to raise awareness about the growing need for organ donors.
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Trump Media stock falls more than 21% after company discloses $58 million loss for 2023Pink bluebonnets were spotted on a ranch in Burnet County, Texas. They are very rare and are caused by a genetic mutation.
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Trump Media stock falls more than 21% after company discloses $58 million loss for 2023Officials with the Manchester Township shelter say the uptick in surrenders is due to breed restrictions in housing and the overall cost of having a dog.
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