By Elsa Ohlen
Trump Media stock, trading under the ticker DJT, slid Thursday after President Donald Trump announced fresh global tariffs on imported goods.
Trump Media, the company behind the social-media platform Truth Social, had been seen largely seen as a proxy for the chances of Trump returning to the White House and it has struggled since his victory was confirmed.
The shares fell 2.2% to $18.35 while futures tracking the benchmark S&P 500 index dropped 3%.
Trump Media stock has been extending losses from Wednesday when it filed with the Securities and Exchange Commission to allow a trust headed by Trump to sell $2.15 billion worth of stock, but saying that it has no plans currently to do so.
The business has been operating with large losses since going public in March last year. The stock is down substantially from levels seen in the days leading up to the Nov. 5 election when it traded around $40.
Write to Elsa Ohlen at elsa.ohlen@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 03, 2025 07:10 ET (11:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.