Trump Media & Technology Group Faces 10% Stock Decline as Losses Continue
Monday, 8 April 2024, 16:08
Trump Media & Technology Group Stock Plummets
Shares in Trump Media & Technology Group, the parent company of former President Trump’s Truth Social platform, continued to fall at the start of the trading week on Monday, dipping another 10%.
Financial Struggles
- Trump Media facing a $58 million loss in 2023.
- Company notes ongoing operational and cash flow challenges.
- CEO Nunes remains confident in the company's position.
Despite the recent setbacks, Nunes emphasized the company's lack of debt and healthy cash reserves as key strengths.
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