What's Going On With Trump Media Stock?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares have fallen over 30% in the past five days amid concerns over its financial health and a request for a probe into its merger with Digital World Acquisition. The Congressional Integrity Project has asked for an investigation into potential influence peddling and corruption. Trump Media reported a revenue of $4.13 million for 2023 but warned of ongoing financial losses and negative cash flows.
April 05, 2024 | 5:41 pm
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Trump Media & Technology Group Corp. (NASDAQ:DJT) shares have significantly dropped following a request for a probe into its merger and financial health concerns.
The significant drop in DJT's stock price is directly related to the request for a probe into its merger with Digital World Acquisition and the disclosure of its financial struggles, including ongoing losses and negative cash flows. These factors raise concerns about the company's future profitability and operational stability, likely leading to decreased investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100