CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
The stock linked to former President Donald Trump's social media company
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on...
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on...
Source: The Washington Post / Getty The value of shares in Trump Media, the parent company of Truth Social, has been cut in half since being available on the public trading market. According to reports, shares of Trump Media & Technology Group, the company that operates the Truth Social social media network, closed at $32.59 Friday (April 12). Despite a late rally, the price reflects a 50% drop from its original peak closing price of $66.22 when it was first made available for public trading on...
President Joe Biden returned to his birthplace of Scranton, Pennsylvania on Tuesday. 'When I look at the economy I don't see it through the eyes of Mar-a-Lago. I see it through the eyes of Scranton,' Biden argued. He ridiculed former President Donald Trump for his financial woes and said Trump's tagline, You're Fired, 'wasn't entertainment it was a nightmare'
The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp.
The presumptive Republican nominee for president will juggle a six-week trial in New York with campaigning.
These stocks are all rallying early Tuesday, amid a flurry of earnings reports and a little M&A news. ↗️ Tesla (TSLA): All eyes are on the [EV maker's earnings](https://www.wsj.com/livecoverage/stock-market-today-earnings-04-23-2024/card/tesla-repo
Stocks rebounded following a rough week for the markets. General Motors