"Trump's Truth Social: SEC Filings Reveal $58M Loss, Media Stock Plunges"

Trump Media & Technology Group's stock value plummeted by 27% after new SEC filings revealed a $58.2 million loss in 2023, following a profitable year in 2022. The company's social media platform, Truth Social, had only achieved $4.1 million in revenue. Analysts have compared the fervor around Trump Media to the meme stock craze, and the company warned of risks related to its association with President Trump. Stakeholders, including Trump, are subject to a six-month lockup period before they can sell or transfer shares.