Donald Trump’s tiny social media empire revealed another heavy loss and a fall in sales in a surprise stock market filing as the first polls closed on the night of the presidential election.
Shares in Trump Media & Technology Group (TMTG) had staged a volatile rally in the final stages of the campaign, more than tripling in value in a matter of weeks, before losing ground. On the day of the election, Nasdaq halted trading of the company’s stock, which goes by the ticker symbol DJT, several times as its price rose and fell by huge percentages.
Truth Social, the company’s fledgling social network, remains minuscule in comparison to the likes of Meta’s Facebook or Instagram; TikTok; and Elon Musk’s X, formerly Twitter. TMTG’s wider business is still losing money, too.
