Trump Media stock falls more than 21% after company discloses $58 million loss for 2023

Save money with these awesome Insider DealsFILE - The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. On Monday, April 1, less than a week after a flashy stock market debut, Trump's social media company disclosed that it lost nearly $58.2 million in 2023. , 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%.

On Monday, shares for these so-called meme stocks slid as well, with GameStop and AMC down more than 4% and 15%, respectfully, at market close. And Reddit, another company that

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: cnni - 🏆 326. / 59 Read more »

Trump Media plunges more than 20% 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…
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

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.
Source: adndotcom - 🏆 293. / 63 Read more »