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The DJT stock price has collapsed this year as the company's pivot to the crypto industry backfired, its core business struggled, and Donald Trump's approval ratings plunged. Trump Media stock was trading at $11.30 on Thursday, a few points above the year-to-date low of $10.18.
Trump Media has been expanding its business into many different areas, the latest being prediction markets. Despite the growth potential, however, the company has been struggling to increase sales.
Since its 2024 merger, Trump Media has reported low quarterly revenues with no growth. Operating expenses, meanwhile, have been larger and have increased.
U.S. President Donald Trump on Friday said he was asking the Department of Justice to investigate Jeffrey Epstein's alleged ties with Bill Clinton, Larry Summers, Reid Hoffman, J.P. Morgan Chase and others.
There was a potentially industry-rocking development buried in the quarterly results from Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT). The owner of European brands such as Paddy Power and BetFair, as well as FanDuel in the US, is moving into one of the buzziest corners of the US fintech-meets-gambling world: prediction markets.
Less than a year into Donald Trump's second term, the optimism that once surrounded Trump Media & Technology Group (TMTG) has sharply faded. The company behind Truth Social reported another steep quarterly loss as revenue declined and expenses climbed, underscoring its struggle to turn political visibility into financial stability.
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