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<p>Shares fell sharply during early trading as investors scrutinize fundamentals of company’s business</p><p>Shares in Donald Trump’s Truth Social dropped more than 18% on Monday morning as the company revealed it lost $58.2m last year, raising questions about the extraordinary stock market debut which left it valued at more than $7bn.</p><p>Trump Media & Technology Group generated sales of just $4.13m in 2023, according to <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036124016719/ef20025342_8k.htm">regulatory filings</a>. The company’s stock fell sharply during early trading in New York on Monday, as investors scrutinized the fundamentals of its business.</p> <a href="https://www.theguardian.com/us-news/2024/apr/01/trump-truth-social-stocks">Continue reading...</a>
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--- !ruby/object:Feedjira::Parser::RSSEntry published: 2024-04-01 16:15:46.000000000 Z image: https://i.guim.co.uk/img/media/d9db5c9a0e8bf46daa35fcbb9bddbd198313fa5f/0_0_2900_1740/master/2900.jpg?width=140&quality=85&auto=format&fit=max&s=45093d85c5c36d496c2816bb8bbb6c46 entry_id: !ruby/object:Feedjira::Parser::GloballyUniqueIdentifier guid: https://www.theguardian.com/us-news/2024/apr/01/trump-truth-social-stocks title: Trump’s Truth Social stocks drop 18% as company discloses $58m loss last year categories: - Donald Trump - Stock markets - Business - US news - US politics summary: <p>Shares fell sharply during early trading as investors scrutinize fundamentals of company’s business</p><p>Shares in Donald Trump’s Truth Social dropped more than 18% on Monday morning as the company revealed it lost $58.2m last year, raising questions about the extraordinary stock market debut which left it valued at more than $7bn.</p><p>Trump Media & Technology Group generated sales of just $4.13m in 2023, according to <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036124016719/ef20025342_8k.htm">regulatory filings</a>. The company’s stock fell sharply during early trading in New York on Monday, as investors scrutinized the fundamentals of its business.</p> <a href="https://www.theguardian.com/us-news/2024/apr/01/trump-truth-social-stocks">Continue reading...</a> rss_fields: - title - url - summary - author - categories - published - entry_id - image url: https://www.theguardian.com/us-news/2024/apr/01/trump-truth-social-stocks carlessian_info: news_filer_version: 2 newspaper: US general21 macro_region: USA author: Callum Jones in New York
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Imported via /Users/ricc/git/gemini-news-crawler/webapp/db/seeds.d/import-feedjira.rb on 2024-04-01 19:52:03 +0200. Content is EMPTY here. Entried: title,url,summary,author,categories,published,entry_id,image. TODO add Newspaper: filename = /Users/ricc/git/gemini-news-crawler/webapp/db/seeds.d/../../../crawler/out/feedjira/USA/US general21/2024-04-01-Trump’s_Truth_Social_stocks_drop_18%_as_company_discloses_$58m_l-v2.yaml
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