Stocks

“Down Around 70% This Year, Is Trump Media Stock a Good Contrarian Investment Right Now?”

“…Trump Media recently posted its quarterly results for the period ending Sept. 30, and they weren’t impressive by any stretch. Net sales for the quarter totaled less than $1 million, and they were down 4% year over year. Meanwhile, its operating costs totaled a whopping $58.6 million and more than doubled the $24.7 million they totaled a year ago. However, a big part of the increase was due to a $16.2 million change in the fair value of digital assets. Trump Media is one of the largest corporate holders of Bitcoin, with 11,542 Bitcoins as of the end of the quarter…”

https://finance.yahoo.com/news/down-around-70-trump-media-154500262.html

Leave a Reply