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Stock impact report

Trump's Disastrous Truth Social Company Hits Rock Bottom With Lowest Stock Price Ever [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
President Donald Trump's Truth Social bid, Trump Media & Technology Group (TMTG), has burned through an alarming amount of cash. The company, which owns the president's struggling far-right social media platform, issued an alarming financial report earlier this month, revealing that it had lost a staggering $712.1 million last year — while earning a pitiful $3.7 million. The disastrous figures once again highlighted how the company, 52 percent of which is owned by Trump and which trades with a ticker of his initials DJT, has firmly cemented itself as a gauge of the president's popularity rather than as a viable business. As Trump's war on Iran rages on, polls have shown that his approval rating continues to dip A similar story is playing out at his social media company, with shares reaching an all-time low on Friday of $9.73. That's an enormous fall from the company's record high of just shy of $80 shortly after the company merged with a blank check acquisition company in Mar Show less Read more
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