Posted 4/5/2024, 7:26:00 PM
Trump Media Stock Plummets Over 10%, Faces Financial Uncertainty
- Trump Media & Technology Group stock fell over 10% on Friday, hitting its lowest point since becoming a publicly traded company last week
- The company now has a market cap of $5.62 billion - over $2 billion less than its first trading day
- The stock price plunge came after Trump Media reported a $16 million operating loss and $39.4 million in interest expenses
- The company warned it lacks the financial resources to sustain operations for the next year
- Trump owns 57.3% of Trump Media shares
