Owner of Truth Social app also hurt by weak quarterly results
Shares of former U.S. President Donald Trump’s media company dipped and neared record lows on Wednesday, following weak quarterly results and the Republican presidential candidate’s return to social media platform X.
As many as 1.3 million people tuned in to the lengthy conversation where the pair discussed topics ranging from the assassination attempt on Trump to geopolitics and the economy. Trump frequently posts on his Truth Social platform, which was launched in February 2022, but his posts there reach a much smaller audience than on X.
Shares were down 1.9% at $23.54 in trading on Wednesday. The stock tumbled to $22.84 on April 16 after the company said it could sell millions of shares.
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