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Trump Media plunges more than 25% after company reports net loss of $58 million in 2023
The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023.
Trump Media &; Technology Group shares were trading down by more than 25% around 1:08 p.m. ET.
Despite that drop‚ the company’s market capitalization was still more than $6.8 billion after its 8-K filing with the Securities and Exchange...
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