Trump owns a 57% stake, according to the filings with the US Securities and Exchange Commission, which is worth about US$4.25 billion as shares slipped as low as US$55.07 Monday. However, he can’t sell the stake immediately due to a six-month lock-up agreement, hindering his ability to monetize the shares and ease his present cash crunch.
Donald Trump's social-media business lost more than US$58 million last year as revenue for the former president’s Truth Social platform trickled in, contrasting sharply with the company’s rocketing share price.
Trump Media & Technology Group Corp generated just US$4.1 million in revenue for the full year, results reported in a filing Monday morning show, providing an update on the stock that closed its blank-check deal last week. Despite the modest financials, the company was worth about US$7.5 billion even after an 11% drop in early trading, as the meme stock continued to captivate retail traders.
