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Home » Trump Media falls 18% after filing plans to issue more DJT stock

Trump Media falls 18% after filing plans to issue more DJT stock

Trump Media Inc., the media company founded by former President Donald Trump, saw its stock fall by 18% on Monday after it announced plans to issue more shares of its stock.

The company, which went public in October through a merger with a special purpose acquisition company (SPAC), has been facing challenges in recent weeks as it struggles to gain traction in a crowded media landscape.

According to a filing with the Securities and Exchange Commission, Trump Media plans to issue up to 250 million shares of common stock to raise funds for its operations. The announcement sent shockwaves through the market, causing the company’s stock to plummet by nearly one-fifth in a single day.

Investors have been skeptical of Trump Media’s prospects, with many questioning the company’s ability to compete with established media giants like Fox News and CNN. The company has also faced criticism for its controversial content and ties to the former president, which have alienated some advertisers and viewers.

Despite these challenges, Trump Media has remained optimistic about its future prospects. In a statement, the company said that the additional funding would help it expand its operations and reach a larger audience.

“We are confident in the strength of our brand and the quality of our content, and we believe that this additional funding will help us achieve our long-term goals,” said a spokesperson for Trump Media.

The company’s stock price has been volatile since its IPO, with shares trading well below their initial offering price of $10. However, some analysts believe that the recent sell-off may present a buying opportunity for investors who believe in the company’s long-term potential.

“Trump Media is still in the early stages of its growth trajectory, and there is a lot of potential for the company to succeed in the future,” said one analyst. “While there are risks associated with investing in a company like this, there is also the potential for significant rewards for those who are willing to take a chance.”

Despite the recent setback, Trump Media remains committed to its mission of providing “unbiased and unfiltered news” to its audience. The company has continued to expand its content offerings and attract high-profile talent to its platform, including conservative commentator Candace Owens and former White House press secretary Kayleigh McEnany.

As Trump Media continues to navigate the challenges of the media landscape, investors will be watching closely to see if the company can turn its fortunes around and become a major player in the industry.