🏦 Trump Media & Technology Group shares fell 4% after reporting a loss in the second quarter.
💰 Trump Media & Technology Group also reported assets of $3.1 billion for the quarter. The company raised most of this amount to buy bitcoins.
🧑🏼💼 By the close of trading on Friday, August 1, 2025, shares of Trump Media & Technology Group (TMTG), owned by US President Donald Trump, fell 3.8%. The reason was the report on financial results for the second quarter of 2025.
📉 Later, in the premarket, quotes partially recovered. However, on the weekly chart, a drawdown of more than 10% remains.
In the report, the company announced a net loss of $20 million on revenue of $0.9 million. Most of the losses - about $15 million - are accounted for by legal costs associated with the merger of Trump Media & Technology Group with a special purpose acquisition company (SPAC) to enter the stock market. This deal was initiated back in 2021. ❗However, the final conclusion of the agreement was delayed due to "certain legal entities and individuals." The company expects that possible revenues in the event of winning legal disputes with them will have a significant impact on its results in the future.
❓And what's going on with Ethereum? 😁
