Trump Media plunges more than 20% after company reports net loss of $58 million in 2023

Shares in Trump Media Technology Group fell sharply after the company reported a net loss of $58 million in 2023.

"TMTG expects to incur operating losses for the foreseeable future," says the filing by the company, which has a market valuation of more than $6.5 billion.Amazon is trying to get rid of its signature brown boxes. The retail shipping giant has a long way to go"TMTG expects to incur operating losses for the foreseeable future," says the filing, which came a week after the company began trading under the ticker DJT on the Nasdaq.

He also stands to receive another 36 million shares of so-called"earn-out" shares over the next three years, as long as Trump Media's stock during that time hits a series of price benchmarks. These targets are all well below the company's stock price early Monday.

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