Truth Social Can’t Seem to Stop Losing Value ...Middle East

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Truth Social Can’t Seem to Stop Losing Value
Donald Trump’s social media venture, Trump Media & Technology Group, debuted on the stock market in late March with a strong initial public offering of nearly $80 a share. Today? It’s less than half that, trading at just under $33.  The company’s slide began shortly after it debuted, when its 2023 filings with the Securities and Exchange Commission were released. They showed only $4.1 million in revenue, coupled with a loss of a whopping $58 million. Days later, two of TMTG’s investors pleaded guilty to insider trading in connection to one of the major sources of the company’s value: its merger with Digital World Acquisition Corporation.Since then, Trump Media’s stock has continuously plumme

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