CNN
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Fact Social proprietor Trump Media & Expertise Group disclosed Monday that it misplaced greater than $58 million and generated little or no income in 2023.
The figures underscore why some specialists warn Trump Media’s multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.
In a filing on Monday, Trump Media stated it misplaced $58.2 million in 2023, in contrast with a revenue of $50.5 million in 2022.
The Fact Social proprietor generated simply $4.1 million in income, though that was up from $1.5 million in 2022.