Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, saw its share price by the end of trading Monday, falling $13.30 from its . Trump Media had a strong stock market debut, reaching a share price of on its first day of trading last month. The company merged with “blank check” company Digital World Acquisition Corp. (DWAC) last month, allowing Trump’s
Social Media company to become publicly traded. But its after it reported last year in Monday filings with the Securities and Exchange Commission (SEC). The company said Monday that it “expects to continue to incur operating losses and negative cash flows from operating activities for the , as it works to expand its user base, attracting more platform partners and advertisers.” The company noted operations to expand its appeal, including testing video streaming, saying its “ability to become profitable and generate positive cash flow depends on TMTG’s success in growing its user base, platform partners, and advertisers.” “Given these uncertainties, TMTG believes it is premature for TMTG to predict when it will and positive cash flows from its operations,” it added. The Hill’s Sylvan Lane . Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.