"Trump's Financial Woes: The Plunge of Truth Social Stock"

1 min read
Source: Newsweek
"Trump's Financial Woes: The Plunge of Truth Social Stock"
Photo: Newsweek
TL;DR Summary

Donald Trump's ownership of almost 60 percent of Trump Media & Technology Group (TMTG), primarily through the social media platform Truth Social, could lead to financial troubles if the stock value continues to decline. The company's stock, which initially surged after going public, has since declined, raising concerns. Regulatory filings reveal that Truth Social incurred significant operating losses, prompting doubts about its ability to continue as a going concern. Additionally, the company must maintain a certain stock price for Trump and other holders to receive additional shares, but the current trajectory raises uncertainty about this outcome.

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