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Trump Media & Technology Group (NASDAQ:DJT) saw its shares drop by 4% on Tuesday after announcing it had raised over $105 million through the cash exercise of warrants. The fundraising took place ...
The stock, which appears as DJT on the Nasdaq, closed more than 10% lower in a frenzied trading session, settling at $12.15 per share and notching the company’s sixth straight day of declines.
The former president’s stake was valued at $5.2 billion at the closing high for Trump Media’s stock price. As of Monday’s close, it plummeted to about $2.1 billion.
The combined company began trading under the symbol DJT and finished the day with an $8 billion valuation. [8] [33] In regulatory filings, Lighthizer and McMahon are listed as independent directors. [34] [35] An April 1, 2024, SEC filing revealed that TMTG lost over $58 million in 2023 with only $4 million in advertising revenue from Truth Social.
Trump Media's stock price continued to sink after the pause was lifted closed at $27.06, down $2.89, or 9.6%, on the day. The shares traded higher on Wednesday morning, gaining 84 cents, or 3.1% ...
DJT also reported revenue of $1.01 million, a slight year-over-year drop compared to the $1.07 million it reported in the third quarter of 2023. Over the past nine months ending Sept. 30, revenue ...
The share price Wednesday was nearly 46% lower than its closing price on April 1, the same day Trump Media disclosed it had booked a $58 million loss for 2023, with just $4.1 million in revenue ...
Trump Media stock slid as much as 16% on Monday after the parent company of Donald Trump's social media platform, Truth Social, filed to issue more than 21 million shares.