Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media’s “operating losses raise substantial doubt about its ability to continue as a going concern.” The firm has worked with Trump Media since 2022.
The note is dated March 25, the day before Trump’s company started trading on the Nasdaq stock exchange under the symbol DJT, surging at first and earning comparisons to so-called “meme stocks.”
Shares of the company fell more than 20% Monday. Its market value stood at about $6.6 billion.
This part made me laugh. OF COURSE and duh, it’s hard to grow a platform when the big stupid thug won’t shut his trap every day. From the SEC filing
Hah,
