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What's Going On With Trump Media & Technology Group Stock?
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are in the spotlight Tuesday on the heels of the company’s first-quarter financial results.
What Happened: After the market close on Monday, Trump Media, the company behind former President Donald Trump’s Truth Social, reported first-quarter revenue of $770,500 versus analyst estimates of $1.12 million, according to Benzinga Pro. The company also reported a quarterly loss of $3.61 per share.
Trump Media said it had a cash and cash equivalents balance of $273.7 million as of March 31. The company noted that it believes it has sufficient working capital to fund operations for the foreseeable future.
“After an unprecedented, years-long process, we have consummated ...