What's Going On With Trump Media Stock?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower Friday, and the stock is down more than 30% over the past five days.

What To Know:

According to a report from The Guardian, the Congressional Integrity Project sent a letter to the Republican House Oversight Chair, James Comer, requesting a probe into the merger between Trump Media Technology Group and Digital World Acquisition on Thursday. 

"We are calling on you to investigate possible influence peddling and corruption involving a former president and current presidential candidate," wrote the Congressional Integrity Project's executive director, Kyle Herrig.

Earlier this week, Trump Media filed its first 10-K report with the SEC in which the company reported revenue of $4.13 million for full-year 2023 and warned of ongoing financial losses. 

"TMTG has historically incurred operating losses and negative cash flows from operating activities … TMTG expects to continue to incur operating losses and negative cash flows from operating activities for the foreseeable future, as it works to expand its user base, attracting more platform partners and advertisers,” the company said in the filing.

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DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are down 8.26% at $42.34 at the time of publication Friday.

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