Donald Trump's social media company lost more than $58 million last year

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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...

— 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.

On Monday, shares for these so-called meme stocks slid as well, with GameStop and AMC down more than 7% and 11%, respectfully. And Reddit, another company thatTrump Media, which began trading under ticker symbol ‘DJT’ on March 26, owns former President Donald Trump’s social media platform Truth Social.Älä anna huonon muistin haitata, kun siihen voi vaikuttaa.The company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.

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