Shares in Trump Media and Technology Group were down about 7% on Monday afternoon after the company reported scant revenues and a net loss in its first full quarter as a public company.
Meanwhile, Donald Trump returned to X early Monday in advance of his interview with X owner Elon Musk later in the day, raising some doubt about whether Trump would continue favoring Truth Social, the social media platform owned by Trump Media.
Shares in Trump Media have been subject to significant volatility since it began trading in late March thanks in part to competing bets from Wall Street traders about how much the stock would fall.
With rare exceptions, Trump has almost exclusively posted to Truth Social since the platform came into being in February 2022.
They’re coming after you.”In its quarterly report, released late Friday, Trump Media addressed the launch of its streaming service, Truth+, this month.
Persons:
Donald Trump, Elon Musk, Trump, “, Mr, Musk, “ They’re, They’re, Devin Nunes
Organizations:
Trump Media, Technology Group, X, Trump, Wall, Republican, Trump Media's, Social, Big Tech
Locations:
California