特朗普传媒再跌10%开盘交易周

2024-04-09 01:35

Trump Media and Technology Group (NASDAQ:DJT) shares have started the new trading week much like they finished last week.
Trump Media plunged 10% during Monday trading. This added to a 12% drop to close the week Friday as the company behind Truth Social continues its downward spiral.
These sizable drops followed a 21% nosedive on April 1. Shares are now down roughly 50% since the social network merged with special-purpose acquisition company Digital World Acquisition Corp. to become a publicly traded company. Following its initial public offering in late March, TMTG shares soared to nearly $75 each.
The series of declines started after a form filed with the U.S. Securities and Exchange Commission showed the company had a net loss of $58M in 2023 on $4.1M in revenue. In 2022, it recorded a net profit of $50.5M on $1.47M in sales.
Former President Donald Trump holds approximately 58% of the outstanding shares of TMTG.
Last week, two men pleaded guilty to insider trading charges related to taking Truth Social public.
Also, last week, the Congressional Integrity Project sent a letter to the chairman of the U.S. House Committee on Oversight and Reform asking it "investigate possible influence peddling and corruption" regarding TMTG.

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