Former president Donald Trump’s social media company said Monday it lost more than $58 million last year, sending its stock plunging more than 21 percent only days after a highflying public debut set the company’s value at more than $8 billion.
Democracy Dies in Darkness
Trump Media stock plunges as 2023 Truth Social loss put at $58 million
The new figures highlight the huge gap between Trump Media’s hyped market debut and his social network’s revenue
By Drew Harwell
Updated April 1, 2024 at 4:21 p.m. EDT|Published April 1, 2024 at 10:35 a.m. EDT