Shares of Trump Media & Technology Group plummeted nearly 14% in Thursday's premarket session, erasing Wednesday's gains following President-elect Donald Trump's victory. The stock surged over 5% in regular trading on Wednesday after Trump was elected the 47th president, reaching the White House once again. Trump Media has been highly volatile since its IPO in March through a blank-check merger. A Tuesday earnings report showed a more than $19 million third-quarter loss, possibly prompting profit-taking, despite 105% growth year-to-date.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02News of Trump Media and Technology Group plummeted nearly 14% at Thursday's pre-market session,
00:07erasing Wednesday's gains following President-elect Donald Trump's victory.
00:10The stock surged over 5% in regular trading on Wednesday after Trump was elected the 47th
00:17president, reaching the White House once again. Trump Media has been highly volatile since its
00:22IPO in March through a blank check merger. A Tuesday earnings report showed a more than $19
00:28million third-quarter loss, possibly prompting profit-taking despite 105% growth year-to-date.
00:35For all things money, visit Benzinga.com slash GSTV.