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Trump's Truth lands on Wall Street, rises 58% - News

2024-03-26T14:34:32.238Z

Highlights: Trump's Truth lands on Wall Street, rises 58% then suspended. Then suspended due to excessive volatility with earnings reduced to 32%. Trump Media & Technology Group is listed on the Nasdaq with the ticker 'DJT', Donald J. Trump's initials. The tycoon cannot sell his shares in the group for six months but could use them as collateral to ask for financing. Trump Media and Technology reported losses of $49 million in the first nine months of last year, on revenues of just $3.4 million.


Then suspended due to excessive volatility with earnings reduced to 32% (ANSA)


Trump Media & Technology Group flies to debut on Wall Street.

The company linked to the former president's social network Truth rises by 58% and is then suspended for excessive volatility after earnings, over a limited period of time, fell to +32%.

 The media company of which the former president has 58% is listed on the Nasdaq with the ticker 'DJT', Donald J. Trump's initials.

The tycoon cannot sell his shares in the group for six months but could use them as collateral to ask for financing.

Trump Media & Technology reported losses of $49 million in the first nine months of last year, on revenues of just $3.4 million. 

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Source: ansa

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