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https://www.theguardian.com/us-news/...-social-stocks
Shares in Donald Trump’s Truth Social dropped by as much as 25% 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.
While over $4m in sales marks significant growth from $1.47m in 2022, the previous year, it underlines the small scale of Trump Media’s operation – and the depth of its losses.
BF Borgers of Colorado, an auditor for the company, said the losses “raise substantial doubt about its ability to continue as a going concern”, according to Monday’s filings.