The company behind former President Donald Trump’s social media platform, Truth Social, stated in a regulatory filing on April 1 that it suffered a net loss of more than $58 million, and the news sent its stock down by more than 20 percent.
The new filing with the Securities and Exchange Commission (SEC) shows that Trump Media and Technology Group (TMTG), which trades under the stock ticker DJT, brought in about $4.1 million in revenue in 2023 while experiencing a net loss of $58.2 million.
