Trump Media Reports $19M Loss Amid Surprising Earnings Announcement
TL;DR
On Election Day 2024, Trump Media & Technology Group's DJT stock experienced significant volatility, being halted three times due to sudden price drops. The company reported a 5.6% decline in third-quarter revenue compared to the previous year, though this was an improvement from the prior quarter's 30% drop. Despite a $19.2 million loss, the stock initially surged 19% before closing down 1%. The stock's erratic performance has drawn comparisons to meme stocks, with fluctuations tied to news about Donald Trump, who holds a 57% stake.
Topics:top-newsbusiness#business#djt-stock#donald-trump#earnings-report#election-day-2024#trump-media
- Donald Trump's Trump Media posts earnings as DJT stock halts on Election Day. Here are the details. CBS News
- Trump's Truth Social is still losing money Axios
- Trump Media Surprises Investors With Quarterly Earnings. The Stock Is Up in After-Hours Trading. Barron's
- Trump Media reports $19 mln loss in third quarter on TV streaming costs Reuters
- Trump Media loses $19.2 million in third quarter, surprise Election Day filing reveals CNBC
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