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Things Are Suddenly Looking Incredibly Bad for Trump’s Social Media Company
Trump Media & Technology Group (TMTG), trading as Truth Social, reported a staggering $712.1 million loss last year against only $3.7 million in earnings, causing its shares to plummet to an all-time low of under $9. This financial distress follows a pattern of desperate attempts to reinvent the company, including ventures into prediction markets, Bitcoin purchases, and a recent merger announcement with a nuclear fusion company. The continued stock decline is seen by some as a reflection of Donald Trump’s waning popularity, rather than traditional business fundamentals, especially after recent political events.