Trump Media stock plunges 21% after announcing $58M loss in 2023

Trump Media's stock plunged after revealing a $58.2 million loss against $4.1 million in revenue. The share price dropped 21% to $48.66, having previously reached $79. Early investors faced significant losses as the stock traded under the symbol DJT on NASDAQ.

What event caused the stock price of Trump Media's social media company to fall?

• The disclosure of massive losses

• A change in company leadership

• A new product launch

• A merger announcement

How much did Trump Media report in losses last year?

• 10 million dollars

• 58.2 million dollars

• 4.1 million dollars

• 100 million dollars

What was the revenue of Trump Media last year?

• 58.2 million dollars

• 10 million dollars

• 4.1 million dollars

• 100 million dollars

By what percentage did the company's share price decrease on Monday?

• 10%

• 30%

• 15%

• 21%

What was the highest stock price of Trump Media after it began trading under the symbol DJT?

• $48.66

• $79

• $100

• $58.2