Trump’s stake in Truth Social falls by $1bn after company reveals $58m loss
Shares in Trump Media dropped by 21.5% as auditor discloses ‘substantial doubt’ over company’s ability to continue operatingThe value of Donald Trump’s stake in Truth Social fell by more than $1bn on Monday after the social media company revealed it lost $58.2m last year and an auditor disclosed “substantial doubt” over its ability to continue operating.Shares in Trump Media & Technology Group, the owner of Truth Social, dropped 21.5% as investors scrutinized the fundamentals of its business. Continue reading...
Shares in Trump Media dropped by 21.5% as auditor discloses ‘substantial doubt’ over company’s ability to continue operating
The value of Donald Trump’s stake in Truth Social fell by more than $1bn on Monday after the social media company revealed it lost $58.2m last year and an auditor disclosed “substantial doubt” over its ability to continue operating.
Shares in Trump Media & Technology Group, the owner of Truth Social, dropped 21.5% as investors scrutinized the fundamentals of its business. Continue reading...
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