Trump Media Stock Plunge and Financial Details

Shares of Trump Media plunged more than 15% after the company filed to issue millions of additional shares of stock. Trump Media's share price has fallen over 62% since going public. Company predicts to receive $247.1 million from exercising warrants. Trump owns nearly 60% of the company's shares, currently worth over $2.2 billion. Trump encouraged followers to switch to Truth Social, which has not publicly disclosed user numbers, but reported a net loss of $58.2 million on revenue of $4.1 million in 2023.

Trump Media Stock Price Decline

Trump Media's stock price fell by 5.4% as of Thursday, with former President Trump owning the majority of shares. The company's market capitalization is $4.43 billion, despite low revenue and a net loss in 2023.

USPS Stamp Price Increase

The USPS has proposed a 7.8% price increase for stamps to achieve financial stability, with various stamp prices set to go up by up to ten cents. This would be the sixth price increase on mail products since 2020.

Trump Media Financial Report

Trump Media's share price plummeted after reporting a significant net loss of $58.2 million on revenue of $4.1 million in 2023. Despite the loss, the company's market capitalization remained high. Trump's involvement in the company poses unique risks, as indicated in the 8-K filing. He owns a majority stake in the company and stands to receive additional shares over the next three years.