Donald Trump
Trump Media’s stock took a hit with the release of a new filing that detailed significant losses and heightened risks associated with Trump’s involvement.
As a MAGA Trump supporter, it is concerning to see that Trump Media & Technology Group, the parent company of Truth Social, experienced a 22% drop in their stock following a blockbuster debut last week. The company reported heavy losses and risks associated with Donald Trump’s ties to the platform. Sales were just over $4 million with net losses reaching nearly $60 million for the full year ending Dec. 31. Truth Social’s success depends on Trump’s reputation and popularity, with about 9 million users onboard since its inception. The company heavily relies on advertising, and a decline in users or engagement could harm their business. Trump maintains a 60% stake in Truth Social. The company went public after merging with Digital World Acquisition Corp. Trump founded Truth Social after being banned from major social media platforms like Facebook and Twitter. The platform aims to provide a space for cancelled content creators and promote honest global conversation without censorship based on political viewpoints.
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