Former President Donald Trump waits for the start of proceedings in Manhattan criminal court, Tuesday, April 23, 2024, in New York. Manny Marotta points to his laptop while examining the stock chart for Trump Media and Technology Group, Wednesday, April 24, 2024, in Cleveland . Amateur traders, mostly risking no more than a few thousand dollars each, say the stock is too volatile to declare victory yet.
Still, amateur traders, mostly risking no more than a few thousand dollars each, say the stock is too volatile to declare victory yet. So they are cashing in a bit now, letting other bets ride and stealing a glance at the latest stock movements in the office cubicle, at the kitchen table or even on the toilet.
No need in Trump Media’s case. It’s all there in the Sarasota, Florida-based company’s 100-page financial report: A firehose of losses, $58 million last year, on minuscule revenue of $4 million from advertising and other sources. Add in massive buying by Trump supporters who see it as a way to support their candidate, and losses could multiply fast.
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