NEW YORK (AP) — 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.
Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a stark decline compared with the profit of $50.5 million that the former president's company reported for 2022, according to a regulatory filing Monday.
Revenue for Trump Media topped just over $4.13 million in 2023, the SEC filing shows, although that's up from $1.47 million in 2022.
After merging with with a blank-check company called Digital World Acquisition Corp., Trump Media began trading Tuesday on the Nasdaq under ticker symbol DJT. It's been a volatile ride.