Trump Media & Technology Group shares are trading lower after the company reported a year-over-year decrease in Q1 revenue results. Also, the company announced that it cooperated with a FINRA inquiry.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group shares are trading lower following a year-over-year decrease in Q1 revenue results and the company's cooperation with a FINRA inquiry.
May 21, 2024 | 3:09 pm
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Trump Media & Technology Group, trading under Digital World Acquisition Corp (DWAC), reported a year-over-year decrease in Q1 revenue and announced cooperation with a FINRA inquiry, leading to a drop in share prices.
The decrease in Q1 revenue is a negative indicator for the company's financial health, and the cooperation with a FINRA inquiry may raise regulatory concerns among investors, leading to a decline in share prices.
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