by Curt_Anderson on April 16, 2024 10:33 am
It's now at $22.72.
Trump’s stock tumbles again after Truth Social announces it’s getting into streaming
(New York CNN)Investors in Trump Media & Technology Group’s stock are throwing in the towel.
Shares of TMTG (DJT) tumbled 11% 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 in which media behemoths like Disney have struggled to turn a profit.
TMTG’s stock, majority-owned by former President Donald Trump, is down 70% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
cnn.com
by Indy! on April 16, 2024 12:53 pm
Trump should put a call in to Leon Musk... see if he wants to buy another failing social media website.