Trump Media Stock Stays Near Year’s Lows as Bitcoin Investment Scrutinized
Trump Media & Technology Group shares closed at $7.95 Friday, down 8.3% for the week and near a one-year low, after transferring $205 million in bitcoin to Crypto.com. The company said the move was not a sale. U.S. stock markets are closed through Monday for Memorial Day, delaying investor response. Trump Media reported a $405.9 million first-quarter net loss on $0.9 million in revenue.