"Shares are down almost 70 percent since the beginning of the year, and down over 80 percent since hitting a record high following the merger last year during the runup to the election. The firm merged with blank check acquisition company Digital World Acquisition Corp. in March 2024, allowing it to be publicly traded under the ticker DJT.

The value of the stock is hovering at just $10.73 at the time of writing, barely above Digital World Acquisition Corp.'s October 2021 initial public offering.

The company has spent tens of millions of dollars on building out its ailing social media business while revenue has flatlined.

According to a recent statement obtained by Bloomberg, TMTG lost a staggering $55 million over the three months ending on September 30, as well as abysmal net sales of less than $1 million over the quarter. It has yet to return a profit."

;;

Ha... losing money in the Casino bidness was good training for losing money in the media bidness.

And just look at how much money the country is losing... it's crashing on about the same trajectory.