Trump Media sinks after disclosing $4M in sales, $58M loss for 2023 - InvestingChannel

Trump Media sinks after disclosing $4M in sales, $58M loss for 2023

Shares of Trump Media & Technology Group are sinking after a filing this morning revealed the company’s sales totaled just $4.1M in 2023. Trump Media posted a loss of ($59.19M) for the year. The filing also revealed that Digital World’s financial statements as of December 31, 2023 and 2022, contained an explanatory paragraph relating to substantial doubt about the ability of Digital World to continue as a going concern. Digital World is the special purpose acquisition company that took Trump Media public through a merger. Shares of Trump Media are down 26%, or $16.19, to $45.77 in afternoon trading.

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