DollarCashFlow
By: Ravi G.
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The stock price of Trump Media, the company behind the Truth Social app, has recently experienced a significant decline.
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This drop has had a substantial impact on the paper wealth of former President Donald Trump, who owns nearly 60% of the company's share
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The company reported revenue of just $4.1 million and incurring a net loss of $58 million in 2023.
Image Source: Markus Splske
Trump Media currently holds a market capitalization of $4.43 billion
Image Source: Jorgen Haland
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Barry Diller, chairman of Expedia and People Magazine owner IAC, told CNBC that Trump Media is a “scam” and its buyers are “dopes.”
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