Trump Media Stock Plummets In Pre-Market Trading

CNBC reports:

Shares of Trump Media plunged more than 17% in the pre-trading hours Monday after the company filed to issue millions of additional shares of stock. The company behind the Truth Social app, which trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week. Several years into existence, Truth Social has barely any advertising revenue. Partly that’s due to relatively few active users. Also, advertisers generally try to avoid controversy, with partisan media of all kinds struggling to attract ad dollars at discounted rates.

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Trump Media shares plunge after company files to issue additional $DJT stock – CNBC$DJT is currently down 17% in pre market trading pic.twitter.com/oj8WoioPmO

— Evan (@StockMKTNewz) April 15, 2024