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

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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.
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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.
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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…
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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.
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