Trump Media's Financial Troubles & Crypto Connections
Trump Media's Financial Troubles & Crypto Connections
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Trump Media & Technology Group, the parent company of Truth Social, has seen its stock price plummet over 90% since early 2022 and reported a massive $406 million quarterly loss. The headline explicitly links these financial woes to a 'Crypto Bet,' indicating a significant downturn for the company's ventures in the digital asset space.
Trump Media & Technology Group’s stock now trades around $8.93. That number tells a story on its own. The parent company of Truth Social once peaked at $97.50 a share back in early 2022, and it has shed more than 90% of its value since then. Related Reading: Tether Ramps Up Wallet Freezes, Blocking Over [...]