Trump Media and Technology Group Corp. (NASDAQ:DJT) shares are tumbling Monday as traders reduce exposure ahead of the company’s second-quarter results arriving after today’s close. Here’s what you should know.
Trump Media & Tech Gr shares are sliding. Why are DJT shares down?
A Mixed First Quarter Sets the Stage for Today’s Report
Trump Media held $2.2 billion in total assets at the end of March, with roughly $2.1 billion of that sitting in financial assets spanning cash, restricted cash, short-term investments, equity securities, a note receivable and accrued interest, digital assets and pledged digital assets. That financial asset base was nearly three times the $759 million the company held in the same period a year earlier.
Operating cash flow came in at $17.9 million, the fourth straight quarter the company generated positive cash from operations, a streak management highlighted as evidence of financial discipline.
