Trump’s Truth Social stocks drop 18% as company discloses $58m loss last year

Shares fell sharply during early trading as investors scrutinize fundamentals of company’s business

Shares in Donald Trump’s Truth Social dropped more than 18% on Monday morning as the company revealed it lost $58.2m last year, raising questions about the extraordinary stock market debut which left it valued at more than $7bn.

Trump Media & Technology Group generated sales of just $4.13m in 2023, according to regulatory filings. The company’s stock fell sharply during early trading in New York on Monday, as investors scrutinized the fundamentals of its business.

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