"Trump Media" lost another $32 M in Q1, shares lost 48% of their value since Rapin' Grampy returned to the WH [View all]
Investors who hung onto –– are bought into Trump Media –– after Donald Trump was inaugurated are not reaping any financial rewards for their faith or commitment to the president.
According to a new report from CNN's Matt Egan, the president's venture into social media remains a financial black hole, losing another $32 million in the first quarter with Trump Media shares having lost 48 percent of their value since Trump moved back into the Oval Office.
As Egan wrote, an investment into the company is "badly trailing the S&P 500’s 5% gain over that span. If you look at just the time since Trump took office, Trump Media shares are down even more (56%)."
In the money-losing first quarter, the company generated a minuscule $821,000 in revenue.
https://www.rawstory.com/trump-media-2672439789/
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