Stable Genius Trump Tanks His Own Media Company After Posting on X
Technology tamfitronics Donald Trump’s social media network is losing money just as the former president and convicted felon has resumed posting on X (formerly Twitter).Trump Media & Technology shares dropped to $24.60, their lowest price level in months, after Trump posted on X early Monday for the first time in more than a year. Shares may drop even further as Trump is supposed to sit down for an interview with X CEO Elon Musk Monday night.The plummeting stock comes after many investors bought shares in the media company hoping for a boost during the 2024 election, with a possible Trump victory netting an even higher increase. Trump Media reported a loss of $16 million in its first full quarter as a publicly traded company Friday, earning just $836,900 for the period ending...