Truth Social Investors Try to Keep Hope Alive as Stock Tanks The Daily Beast
News Source : Daily Beast
News Summary
- Shares of Truth Social’s parent company, Trump Media and Technology Group, have fallen more than 50 percent since late March
- Last year, it brought in just $4
- 1 million in revenue and posted a $58
- 2 million loss
- Even after tanking, however, the business is still worth more than $4 billion on paper
Donald Trumps acolytes gathered at MaraLago on Wednesday evening to celebrate the public listing of his social media firm, even as the companys stock continued to crater. Under the Palm Beach sky, [+3581 chars]
:max_bytes(150000):strip_icc()/Sasquatch-Sunset-041124-f146f76a1f564982a509d342038a2035.jpg)
Never miss a story from us, subscribe to our newsletter