Trump Media posts heavy losses in surprise election-night earnings report

Nasdaq halts trading of the company’s stock several times as its price rises and falls by huge percentages

Donald Trump’s tiny social media empire revealed another heavy loss and a fall in sales in a surprise stock market filing as the first polls closed on the night of the presidential election.

Shares in Trump Media & Technology Group (TMTG) had staged a volatile rally in the final stages of the campaign, more than tripling in value in a matter of weeks, before losing ground. On the day of the election, Nasdaq halted trading of the company’s stock, which goes by the ticker symbol DJT, several times as its price rose and fell by huge percentages.

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