Trump Media stock sinks after revealing steep losses

04/02/2024 03:25
Trump Media stock sinks after revealing steep losses

Shares of Trump Media and Technology Group (DJT) sank on Monday after an updated regulatory filing revealed the company lost $58 million in 2023. The parent company of Truth Social also warned that it faces "greater risks" than other sites due to its exposure to former President Donald Trump. In the video above, Yahoo Finance's Josh Lipton and Julie Hyman discuss the stock's big slide. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Stephanie Mikulich.

Shares of Trump Media and Technology Group (DJT) sank on Monday after an updated regulatory filing revealed the company lost $58 million in 2023. The parent company of Truth Social also warned that it faces "greater risks" than other sites due to its exposure to former President Donald Trump.

In the video above, Yahoo Finance's Josh Lipton and Julie Hyman discuss the stock's big slide.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

Editor's note: This article was written by Stephanie Mikulich.

Read more --->