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The Independent UK

National

Josh Marcus

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

Trump Media Donald Trump Company TMTG

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Donald Trump’s media company reported a $327.6m first-quarter loss this week, sending Trump Media and Technology Group’s stock plunging in recent days.

Since Friday’s market close, TMTG, the parent company of the former president’s Truth Social site, has seen its share price slide 13.2 per cent, to $44.19.

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