Trump Media Reports $19M Loss Amid Surprising Earnings Announcement
On Election Day 2024, Trump Media & Technology Group's DJT stock experienced significant volatility, being halted three times due to sudden price drops. The company reported a 5.6% decline in third-quarter revenue compared to the previous year, though this was an improvement from the prior quarter's 30% drop. Despite a $19.2 million loss, the stock initially surged 19% before closing down 1%. The stock's erratic performance has drawn comparisons to meme stocks, with fluctuations tied to news about Donald Trump, who holds a 57% stake.