Shares of Trump Media and Technology Group closed 5% lower today at $24.88, as the former president returned to posting on X/Twitter in advance of an appearance later tonight with the site’s owner, Elon Musk.
On Friday, Trump Media reported a loss of $16.4 million in the most recent quarter, on revenue of $836,900.
The value of one of Trump Media’s key assets, the social media platform Truth Social, is tied to Trump, its most famous contributor. While he has continued to post on that platform, earlier today he also started posting again on X, something he had done just once before since his account was reinstated.
“Are you better off now than you were when I was president?” Trump wrote. “Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America great again!”
He went on to post a series of campaign messages and videos on X.
Trump had last posted on Aug. 24, 2023, when he displayed his mugshot after he was charged in a Georgia election racketeering case. Trump had been banned from Twitter following the attack on the Capitol on January 6, 2021, but Musk reinstated his account when he took over the platform.
The Musk-Trump appearance is scheduled for 8 p.m. ET.