Trump’s stake in Truth Social falls by $1bn after company reveals $58m loss
by Callum Jones in New York from US news | The Guardian on (#6KRQ8)
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.
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