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...
) stock continued to fall Tuesday after sinking 18% on news the parent company of Donald Trump 's social media platform Truth Social hadThe stock slid to close at $26.61 on Monday in an extension of last week's sell-off and fell over 2% more in premarket trading. The move highlighted the shares' volatility sincefrom the company showed Trump Media taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform.
"TMTG expects to continue to incur operating losses and negative cash flows from operating activities for the foreseeable future, as it works to expand its user base, attracting more platform partners and advertisers." The first day of Donald Trump 's historic hush money trial ended Monday after hours of pretrial motions and an initial jury selection process that saw dozens of prospective jurors excused after they said they could not be fair or impartial. Trump’s notoriety would make that a near-herculean task in any year, but the process is especially challenging now — unfolding as Trump vies to reclaim the White House during a hotly contested presidential election year and in the city where he grew up.
Truth Social Trump Media Special Purpose Acquisition Company Heavy Losses Social Media Platform
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