Trump Media stock crashes and may fall further to $5
Updated
Updated · Bankless Times · Apr 28
Trump Media stock crashes and may fall further to $5
13 articles · Updated · Bankless Times · Apr 28
Its market value has dropped from above $9 billion to $2.75 billion, while quarterly revenue was $972,000 and the company posted a $54 million loss.
The decline deepened after CEO Devin Nunes resigned, with weak advertising demand and about 22 million monthly Truth Social visits underscoring deteriorating business conditions.
Trump Media plans to spin off Truth Social after a merger with nuclear company TAE, while its $2.5 billion in financial assets and 9,542 Bitcoin may be eroded by ongoing losses.
With billions in assets but a failing platform, is the company a growth stock or a treasure chest being emptied?
From social media to nuclear fusion, is this radical pivot a visionary strategy or a financial Hail Mary?