Trump Media & Technology Group, the parent company of Truth Social, disclosed significant financial losses in its latest SEC filings. The company reported a net loss of $58.2 million in 2023, with revenue totaling $4.13 million for the year. Despite these losses, the company was valued at more than $8 billion after going public on March 26. The filings also revealed a decline in revenue between Q3 and Q4 2023, with the company earning only $751,000 in the final quarter of the year. Shares of Trump Media fell sharply following the disclosure, with a reported drop of 15%, and further declines to over 25% and 23% on subsequent days, totaling a net loss of $58.19 million for the year. The financial struggles have raised doubts about the company's ability to meet its financial liabilities, just days after completing its merger with a blank-check firm.
This didn’t age well. Just like $DJT https://t.co/G3xHlPVJmP
Former President Donald Trump’s fortune shrank considerably Monday as shares of his social media company tanked after the company revealed its latest financial results, predictably well below what a typical multibillion-dollar company would deliver. https://t.co/j9vKUl9uVx
🚨🚨 Donald Trump’s media business generated less than $1mn in revenue in the fourth quarter, highlighting the lossmaking business’s precarious financial position even as it maintains a market capitalisation of nearly $10bn. https://t.co/BM8fFs05nl
How many users does Donald Trump's social media company have? He won't say. https://t.co/FrfPFtZcUJ
🇺🇸 BREAKING: TRUMP LOSES A BILLION DOLLARS His net worth just plummeted as the share price of his social media company, Truth Social, fell by a shocking 20%. The news comes after it was revealed Trump may have used Truth Social to spread misinformation about the daughter of one… https://t.co/PjLgtI9H0C
Trump Media’s inexplicable ascent came crashing down on Monday, as shares of the social media firm plunged more than 21 percent, knocking roughly $1billion off former President Donald Trump’s net worth. https://t.co/dKQOsPuTm7
Donald Trump's social media company, Truth Social, has reported losses of $US58 million. https://t.co/t1DuMyk5Mz
Truth Social’s stock tanked after the company revealed it lost money last year, but there’s plenty of reasons it could still earn Trump a nice payout. https://t.co/jznCTq7aIe
Trump’s Truth Social Stock Plunges Following Release Of Company's Financial Results https://t.co/bx10T2zFwY by @Rosemarietv
Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023. https://t.co/8X7Jp8ngZc
Donald Trump's fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company's stock price lopping $4 billion off its value. https://t.co/PBiyEHMRvd
Trump's net worth has fallen by about $1 billion today as shares in his social media company plummeted. Trump Media & Technology Group saw its share price dive after the company disclosed that it had a $58 million loss for 2023 and just $751,500 in fourth-quarter revenue.…
Donald Trump's net worth has fallen by $1 billion as share price of his social media company (Truth Social) falls by over 20%. https://t.co/bfmmO6qsw6
JUST IN: Donald Trump's net worth falls by $1 billion as share price of his social media company falls by over 20%
FORMER PRESIDENT DONALD TRUMP'S NET WORTH DIPS BY $1 BILLION AS HIS SOCIAL MEDIA VENTURE, TRUMP MEDIA & TECHNOLOGY GROUP CORP., FACES A $58 MILLION LOSS IN 2023.
Trump Media stock falls more than 21% after company discloses $58 million loss for 2023 https://t.co/BB2oi2bSTi
Trump’s stake in Truth Social falls by $1bn after company reveals $58m loss https://t.co/oRai2Z1P9m
Trump's Net Worth Drops By Over $1 Billion As Social Media Company's Stock Tanks https://t.co/sdf30mZSnc
bloodbath for truth social stock after last year’s earning results show a $60 million operating loss https://t.co/EATi5O4Nui
$DJT sank more than 21% after an updated regulatory filing showed the company taking on heavy losses. Trump Media reported sales of just over $4M as net losses reached nearly $60M last year. The company warned it expects losses to continue amid greater profitability challenges. https://t.co/jHwulaUZM1
Trump's Truth Social lost $58 million in 2023, and the stock is taking a hit https://t.co/4T1qjOoXtX
Less than a week after a flashy stock market debut, Donald Trump’s social media company is disclosing that it lost nearly US$58.2 million in 2023. READ MORE: https://t.co/YdYHpkJr27 https://t.co/YdYHpkJr27
📉 MAGA meme stock meets reality as Truth Social shares fall, resulting in Trump's net worth plunging $1 billion. https://t.co/wvJ4QC5haP
Shares of Donald Trump’s social media company slumped more than 20% on Monday, as the fervor around its debut on public markets last week appeared to subside. The sell-off cut the market value of Trump Media & Technology Group by some $2 billion. https://t.co/X3VIaFQ4gZ
WATCH: Shares of Trump Media & Technology Group fell more than 20% as the parent of the Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger https://t.co/RrGNIABloz https://t.co/gRWHoGCqmu
Trump’s Truth Social shares have now fallen below $48 after soaring over $79 in the span of a week. https://t.co/7YdoNdWd4d
Trump's net worth plunges $1 billion, as Truth Social shares sink https://t.co/N2wTs47Dfg
Trump Media Shares Tumble After Recent Cash Crunch Disclosed https://t.co/eiitVOIHXn
All of Trump’s stock gains since IPO wiped out on revelations Truth Social actually lost over $58 million last year. https://t.co/Ea7ssbmOls
Trump lost $1 billion today as the stock price for his Truth Social parent company plunged 21 percent when investors learned today that his company lost $58 million last year. ETTD. https://t.co/UsHf42QimE
Breaking: Shares of Trump's Truth Social parent dropped 21%, erasing more than $1 billion from his stake https://t.co/myGrRreeS1 https://t.co/myGrRreeS1
📉 Donald Trump has suffered a $2bn blow to his wealth after shares in his company Truth Social plunged by almost a quarter https://t.co/fvIYTTGKcP
Donald Trump's social media company lost $58 million last year. Freshly issued shares tumble. https://t.co/Pm4BtUJOrU Find out more at https://t.co/xofn4ZIXij https://t.co/RpcrpvX3TN
"Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000." #ETTD https://t.co/hhaT9k8uB7
Shares of Trump Media & Technology Group fell more than 20% as the parent of the Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger https://t.co/nS0KLIS0uz https://t.co/A7mdbZXBTK
Well, Trump Media & Tech Group just released the financials to SEC underpinning the $6 billion market capitalisation… $4m revenue last calendar year $16m operational loss $58m net loss after further $40m interest costs…. And all built on approx “9.0m signups” for Truth Social https://t.co/nks4FBiQGZ
Trump's Truth Social lost $58 MILLION in 2023, SEC filing reveals https://t.co/1dzhX7Gs4D https://t.co/rBCJaj0Vu3
Trump’s Truth Social stock tanks after new SEC filings reveal company lost $58m in 2023 https://t.co/oDMydOYsdl
$DJT reports less than $1mn of quarterly revenue and lost $58mn in 2023, after generating a profit in the prior year 2022... Former President Donald Trump's media company has shaved more than $4 billion of market value from its peak. Trump owns 57.3% according to filings. Trump… https://t.co/3rITwSCF8O
Trump’s social media company plunged in the stock market after reporting a $58 million annual loss in Monday regulatory filings. https://t.co/IDyxfFQqJ3
$DJT | Trump Media & Technology Group Stock Is Tumbling Monday: What's Going On? Trump Media reports revenue of $4.13 million and a net loss of $58.19 million for 2023. https://t.co/QowJtRVjZA
OUCH! Shares of Donald Trump’s social-media business wiped out their gains from IPO last week after company disclosed that it lost >$58mln in 2023 while generated just $4.1mln in revenue, underscoring how richly valued Trump Media is relative to peers. https://t.co/geCHn4jRzP https://t.co/PpdT4K5BXX
Truth Social Stock Plummets After Ugly Filing Reveals It Lost $58 Million Last Year https://t.co/OKRTS8CGYn
Trump Media stock plunges as 2023 Truth Social loss put at $58 million https://t.co/DBto6ot8zh
Trump Media & Technology Group $DJT lost $58m last year, shares sink https://t.co/mUrNbVfSWH https://t.co/xIvIYscuzx
NEW: Trump’s Truth Social Lost $58 Million in 2023, Despite Multi-Billion Dollar Valuation | via @Isaac_Schorr https://t.co/KEbw1mNQMd https://t.co/Q0wpCExYN3
BREAKING: Share price of Trump Media is now down over 23% today, as company posts net loss of $58.2 million in the year ending in December, 2023.
SEC filings reveal Trump’s Truth Social lost $58 million in 2023 – this despite the company’s recent multi-billion dollar valuation. https://t.co/lXzk0bVQMz https://t.co/LWJlMRYcwi
Truth Social has basically the same financials as @TheMessenger, but is somehow worth $6.4 billion 2023 total revenue: $4.1 million (Truth Social) $3 million (Messenger) 2023 net loss: $58 million (Truth Social) $38 million (Messenger) https://t.co/e7cAWSRTRQ
Company Behind Trump's Truth Social Posts $58 Million Loss for 2023 https://t.co/0S8DbDvh1Y
Less than a week after a stock market debut, Donald Trump's social media company is disclosing that it lost nearly $58.2 million last year. https://t.co/CBB4m2E4Cx
Truth Social owner Trump Media lost $58 million in 2023 https://t.co/sUAmUTHFoi
$DJT | Trump Media is down -23.8% today after reporting a net loss of $58.2 million on revenue of just $4.1 million in 2023. The stock was valued at roughly $8.5 billion on Friday after the DWAC SPAC merger sent shares soaring. * Note - Trump owns 57.3% of all $DJT shares https://t.co/vFdLCMYFYW
Donald Trump’s social media company lost more than $58 million last year https://t.co/xryoYFRi2c https://t.co/tVPSLmTKlL
The share price of Trump Media plunged after the company that owns Trump’s failing Truth Social app reported a net loss of $58.2 million in 2023. Trump Media’s own accountants warn that the losses “raise substantial doubt about its ability to continue.” https://t.co/16Q7BKavkp
Donald Trump's social media company lost US$58 million last year. Freshly issued shares tumble https://t.co/Ue2Vt4JjyX
Trump's "Truth Social" Stock Is Already Crashing https://t.co/UUmxdibW1n
Former President Trump’s social media company plunged in the stock market after reporting a $58 million annual loss in Monday regulatory filings. https://t.co/kBgiPSFoCJ
Stock prices can sink when companies lose money and don't have a business model. Trump’s social-media business wiped out its gains from going public after disclosing it lost more than $58 million in 2023 and has slender revenue. Shares drop more than 20% https://t.co/ZLdpXUm4nE
Trump's social-media company lost over $58 million and generated very little revenue last year, the parent company of Truth Social disclosed. | @dezward01 https://t.co/n66fnyqGvX
Donald Trump's Media Company Reports 2023 Revenue Of $4M And $58M In Losses; Stock Drops 25% https://t.co/ayjnFX51oS
Donald Trump Media Stock Crashing: Down 26% Since Opening Bell, Reports of $58 Million Loss https://t.co/JbEl0qOwKm via @Showbiz411
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023 https://t.co/fbu4OZD0mM
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023 $DJT $DWAC #Trump Media, which trades under the ticker DJT on the Nasdaq, owns the Truth Social app. https://t.co/JdeHfuipuE
Filings Reveal How Many Millions Trump’s Truth Social Lost in 2023 https://t.co/tXJNTMQDhF via @thedailybeast
According to new filing, Trump Media reported sales of just over $4 million as net losses reached nearly $60 million for the full-year ending Dec. 31. The company warned it expects losses to continue amid greater profitability challenges: Yahoo Finance $DJT https://t.co/0VUINOl3Kb
$DJT now down 23% today after disclosing a loss of $58.2 million for 2023 Is this really that surprising? https://t.co/A7X7SvQCdd
Less than a week after a flashy stock market debut, Donald Trump’s social media company is disclosing that it lost nearly $58.2 million in 2023. https://t.co/2SYGMzKKCd
Shares of former President Donald Trump’s social media company fell precipitously Monday after the company revealed its latest financial results. https://t.co/PCkBqpt9kZ
Trump's Truth Social lost $58 MILLION in 2023 and only made $4million before its $8billion valuation, SEC filing reveals https://t.co/SEiIa2gWAt https://t.co/ht9wXA09zH
Trump’s Truth Social stocks drop 18% as company discloses $58m loss last year https://t.co/vlxDU6wBQA
Donald Trump’s social network Truth Social lost a staggering $58 million in 2023, with SEC filings showing Monday that the website and app, which went public last week, lost momentum as the year went on. https://t.co/poOoyw0ZJl
According to today's SEC filing for Trump's "Truth Social", the $6,000,000,000 market cap company has a total revenue that's less than Trump Jr's monthly cocaine bill. Anyone that was dumb enough to invest in this thing is about to lose their ass. 2023 Revenue $4.1 million Net… https://t.co/uceIjGmQYT
Trump's media company raises going-concern doubts; shares tumble https://t.co/UP2PoNBaNB https://t.co/2TbhU7LLgJ
Trump’s Truth Social lost $58M in 2023 to fuel ‘meme-stock’ fears after stock’s roller-coaster debut https://t.co/LymKFVsGKA https://t.co/KLhupRtGcO
Truth Social parent company lost $58 million in 2023 https://t.co/c9y8kwRZJ5
Donald Trump’s social media company Truth Social reported losses of $58 million in 2023 just days after making its debut on the stock market. Story: https://t.co/5tWJLuqQbO https://t.co/NXVB6KfCRM
BREAKING: Truth Social owner Trump Media & Technology Group has just disclosed that it lost over $58 million and generated very little revenue in 2023. Disclosures are mandatory for publicly traded companies. https://t.co/KRCkM4jFrN
Trump Media lost more than $58 million last year https://t.co/QrbbhB7dH7 https://t.co/YloOfHkoqv
"Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023. The figures underscore why some experts warn Trump Media’s multibillion-dollar valuation defies logic and is reminiscent of the meme…
Trump Media lost $58.2 million in 2023 and sales totaled just $4.13 million https://t.co/McBze6ptpi
Trump’s media company shares fall after raising going-concern doubts https://t.co/vhWuJZAnWp
Truth Social-Linked Stock Falls 13%—Donald Trump’s Stake Down $2 Billion From Peak https://t.co/bb5GUmbUTI https://t.co/CANa1UWSVR
Shares in Donald Trump's social-media company are down about 13%. On Monday, updated regulatory documents showed that a lock-up for Trump and other insiders for six months following Trump Media's debut as a listed company is still in place. https://t.co/9UfDCmUdnS
Trump Media shares fall sharply after company reports net loss of $58 million in 2023 https://t.co/WqX1oZ8ocW
These numbers are similar to The Messenger, which went under in less than a year. "Former President Trump's social media company lost over $58 million on just $4.1 million in revenue during 2023, according to new SEC filings." https://t.co/XmQQ26s4l6
Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023. https://t.co/UgZ5YMF0XY https://t.co/UgZ5YMF0XY
NEW: Trump's Truth Social Lost $58 Million in 2023, Despite Multi-Billion Dollar Valuation https://t.co/S7VjXCrMHP via @mediaite
Trump's media company falls after raising going concern doubts https://t.co/JCiEgvcNji https://t.co/qWZdKzfRnY
Truth Social owner Trump Media lost $58M, generated very little revenue in 2023, company disclosed https://t.co/OtrO8bohig
Former president Trump’s social media company made just over $4 million in revenue last year, despite a highflying stock market debut last week that sent the company’s value soaring to more than $8 billion. https://t.co/MmokQ6e4pj
Trump’s Truth Social made only $4 million in 2023, despite $8 billion value https://t.co/DejToW8sRO
April 1 (Reuters) - Shares of Trump Media & Technology Group DJT.O fell 15% on Monday after it raised doubts that the parent firm of Truth Social might not be able to meet financial liabilities, days after completing its merger with blank check firm DWAC https://t.co/dUu072TrEm
Donald Trump’s social-media business lost more than $58 million last year as revenue for the former president’s Truth Social platform trickled in. https://t.co/8kIRksqnlr
Trump's Truth Social company posted its new financials to the SEC today. The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses. Market cap is > $6 billion. (This isn't an April 1 joke.) https://t.co/8MrCbNDHiT https://t.co/Pejxq8UtwY
⚠️ TRUMP'S MEDIA COMPANY FALLS AFTER RAISING GOING CONCERN DOUBTS Full Story → https://t.co/z0Fy6qHh3I Shares of Trump Media (and) Technology Group fell over 15% on Monday after it raised doubts that the parent firm of Truth Social platform might not be able to meet its… https://t.co/OewXAHxb31
NEW: Trump's Truth Social Lost $58 Million in 2023, Despite Multi-Billion Dollar Valuation https://t.co/1AYpZRYo4f
New: Trump Media — the parent company of Truth Social — recorded $58m in losses against $4m in revenue in 2023, per SEC filings. The merger to take the company public last week unlocked new capital but the business fundamentals don’t justify $7bn valuation.
$DJT -10% ❖ FORMER PRESIDENT TRUMP'S SOCIAL MEDIA COMPANY LOST OVER $58 MILLION IN 2023, AXIOS REPORTS IN CITING A SEC FILINGS
Filing: Donald Trump's Truth Social lost $58M+ on $4.1M in revenue during 2023; Trump Media & Technology Group is valued at $7B+ after going public on March 26 (@danprimack / Axios) https://t.co/5dby1YvBNr 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/wcQvkqQ7Ur
NEW: Trump's social media company Truth Social lost over $58 million last year, according to new SEC filings. https://t.co/Sizy7KrjQD
NEW: Trump's Truth Social lost $58 million last year. Moreover, revenue DECLINED between Q3 and Q4 2023, with the company bringing in just $751,000 between Oct-Dec of last year. https://t.co/fg9xI7D76N
Listen to @chamath’s take on $DJT stock at 16:41. If Trump folds in licensing revenue from his name, image, likeness into the $DJT company, it starts to look like an actual business. It would be foolish to short this. 600% annualized cost to borrow. https://t.co/vZBI6PR2Gt
TRUMP’S DJT STOCK BOOSTS HIS NET WORTH BY BILLIONS—AND RAISES BIG QUESTIONS AHEAD OF THE ELECTION (Barron's) Trump Media and Technology Group completed its journey to the public markets this past week, merging with a blank-check company that changed its ticker symbol to DJT.… https://t.co/vcc8bqwL07
The parent company of former President Trump’s Truth Social platform defied expectations in its first week on the stock market. Trump Media & Technology Group stock closed at roughly $62 per share after a whipsaw week of trading. https://t.co/1qciC94RNd
Simple points. Truth Social has roughly the same annual revenues as @TPM. (I am, very unfairly, not a billionaire.) it has roughly 20x the expenses. And it has close to no user base.
$DJT | Is Donald Trump's Media Company Worth More Than Elon Musk's X? Trump Media & Technology Group is now a public company with a large market capitalization. Elon Musk bought Twitter, now known as X, for $44 billion in 2022, but it is now valued significantly lower by… https://t.co/wREAs8fAq9
Truth Social is down again for the umpteenth time. But yeah, it’s worth billions even though nobody uses it exclusive from other platforms except Trump and a handful of QAnon freaks, and the advertisers sell Trump Bobbleheads and Collectable Trump Coins. https://t.co/7lYae8UmhT
Truth Social has an $8B valuation with 500k users? Am I getting this right? 😂
Trump Media & Technology Group $DJT shares slide https://t.co/751XJNUOAZ https://t.co/tQVLdJLXYh
$DJT revenues $3.3 Million Valuation $9B DJT loses money and has a market cap of $9.4 billion. $GME GameStop makes Trump Media & Technology look like JPMorgan. https://t.co/JXclywtlvu
DJT is a Schrodinger stock: as long as Trump can't touch it, his stake is worth $5BN+ and the company (with $3MM in revenue) has a value of over $9BN. the moment Trump's lockup ends and he start selling his shares, the value will collapse
Truth Social made its debut on the Nasdaq and the stock price soared, powered by supporters looking to invest in the former president's business. But the platform’s stock success doesn’t seem to match its financials. https://t.co/UpyL4N6Hr7
Former President Donald #Trump’s social media company #TruthSocial began trading on the #Nasdaq stock exchange. @DrSamuelGregg says Truth Social’s worth and investment prospects are volatile due to the election and President Trump’s presidency. https://t.co/MU9ARUNry3
Truth Social just brought Trump a $4 billion windfall, but experts aren't sold https://t.co/tTxWg2zPvz
Meme stocks are back. The company behind Donald Trump's Truth Social went public yesterday, its shares rocketing up to give the company a market cap of over $9 billion despite $DJT only having a revenue of $3 million. https://t.co/WdQELtBGrg