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Donald Trump’s Media Company Reports 2023 Revenue Of $4M And $58M In Losses; Stock Drops 25%
Trump Media & Technology Group reported 2023 revenue of $4.1 million and a net loss of $58.2 million, prompting a sell-off in the company's stock.
The stock’s movement is being watched closely because the company’s majority shareholder is Donald Trump, the former president who is poised to become this year’s Republican presidential nominee. Trump has faced sizable legal bills in recent months as he defends himself against dozens of criminal and civil charges in multiple jurisdictions. A judge in New York recently lowered the amount of his bond in a civil fraud case to $175 million, but the judgment had put Trump’s finances under a microscope.
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