Trump Media's Stock Drops 11% Amid Weak Earnings and Trump’s Return to Rival Platform X, But Loyal Investors Stay the Course
Trump Media & Technology Group's stock fell over 11% this week following a disappointing earnings report and Donald Trump's return to rival platform X. The stock has dropped about 43% since mid-last month. However, some investors remain optimistic, viewing their investments as expressions of political support for Trump. Truth Social, the company's platform, saw revenue drop by 30% in the last quarter, exacerbating investor concerns. Analysts suggest that the stock's volatility is tied more to ideology than financial performance, leaving its long-term outlook uncertain.
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00:00It's Benzinga, and here's what's on the block.
00:03Trump Media and Technology Group's stock fell over 11 percent this week following a
00:07disappointing earnings report and Donald Trump's return to rival PlatformX.
00:11The stock has dropped about 43 percent since mid-last month, though some investors remain
00:16optimistic, viewing their investments as expressions of political support for Trump.
00:20True Social, the company's platform, saw revenue drop by 30 percent in the last quarter,
00:25exacerbating investor concerns.
00:28Investors suggest that the stock's volatility is tied more to ideology than financial performance,
00:32leaving its long-term outlook uncertain.
00:34For all things money, visit Benzinga.com.