Trump Media & Technology Group Stock Is Tumbling Monday: What's Going On?

Trump Media & Technology Group Corp DJT shares are trading lower Monday after the company filed a prospectus related to the issuance of millions of shares of additional stock.

What To Know: Former President Donald Trump’s Trump Media & Technology Group, which is behind the Truth Social platform, has filed for the potential issuance of up to 21.49 million shares of common stock issuable upon the exercise of warrants related to Digital World. Trump is the majority shareholder in the company.

The filing also provides for the offer and sale of up to 146.1 million shares of common stock from time to time by certain selling stockholders.

The news comes after the company released financial information from 2023 and warned of continuing operating losses earlier this month.

Trump Media reported revenue of $4.13 million for full-year 2023, and a net loss of $58.19 million for the year. The company ended the year with just $2.6 million in cash, down from $9.8 million at the end of 2022, and warned that it expects losses to continue in 2024.

The financial disclosure came a week after the company successfully completed its business combination with Digital World and began trading on the Nasdaq.

See Also: Donald Trump Says He Will Testify At Hush Money Trial Following Previous Attempts To Stall It: ‘All I Can Do Is Tell The Truth’

How To Buy DJT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Trump Media & Technology's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

DJT Price Action: Trump Media shares were down 13.7% at $28.14 at the time of writing, according to Benzinga Pro.

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