Trump Loses $1 Billion as His Media Company’s Stock Plunges

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It turns out a company with $4 million in revenue and $58 million in losses might not be worth $8 billion, after all.

Trump Media’s inexplicable ascent came crashing down on Monday, as shares of the social media firm plunged more than 21 percent, knocking roughly $ 1 billion off formerDespite the precipitous drop, his 57 percent stake in the business is still worth over $3 billion.

Trump Media’s main product is Truth Social, a rival to X, the Elon Musk-owned platform formerly known as Twitter.

 

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