Trump Media stock performance

What happened: Trump Media & Technology Group (TMTG) stock fell 13.3% in March due to broader market pressures and business uncertainties. The company's recent earnings report showed minimal revenue. On April 10, Eric Swider, a key figure in TMTG's public listing, resigned from its board. Meanwhile, Palantir (PLTR) stock closed down despite an endorsement from former President Trump, indicating a lack of investor confidence.

Market impact: The bearish sentiment around TMTG and PLTR reflects broader concerns about tech companies with political ties and limited revenue growth. The resignation of a key board member at TMTG could signal uncertainty about the company's future direction, impacting investor confidence.

What to watch next: TMTG's next earnings report, scheduled for Q2 2023, will provide insight into the company's revenue growth and business strategy. Additionally, any updates on Trump's Truth Social platform, a key component of TMTG, will be crucial to monitor. For PLTR, investors will be watching for any significant contract wins or revenue growth to boost investor confidence.