Trump media shares fall more than 20 per cent in a day
11 Video Views·Apr 1, 2024
Donald Trump's social media company, Truth Social, has reported losses of $US58 million.
This comes just days after making its debut on the stock market.
Shares of Donald Trump's social media business crashed more than 20 per cent.
Wiping out gains from last week, after the company disclosed a net loss of $US58.1 million last year, alongside a loss of more than $US50 million in 2022.
The company generated just $US4.1 million in revenue for the full year, raising questions about its financial survival.
Donald Trump's social media company, Truth Social,
has reported losses of $58 million US
just days after making its debut in the stock market.
Shares of Donald Trump's social media business
crashed more than 20%, wiping out gains from last week
after the company disclosed a net loss
of 58.1 million US last year.
That's alongside a loss of more than $50 million US
the year before.
The company generated just $4.1 million US
in revenue for the full year,
raising questions, strong questions I would have thought,
about its financial survival.