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Drudge Retort: The Other Side of the News
Monday, November 17, 2025

President Donald Trump's social network, Truth Social, is on life support. Shares of the company that runs it, Trump Media and Technology Group (TMTG), hit a record low this week.

Despite an initial surge of enthusiasm after its launch, the company has incurred massive losses, with the company showing increasingly blaring warning signs since Trump took office again in January.

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"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."

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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.

#1 | Posted by Corky at 2025-11-17 05:22 PM | Reply | Newsworthy 1

#1 | Posted by Corky

I've been following DJT since the IPO. What a racket! I've noticed that when it's nosediving, some unknown entities buy the stock to pump up the price back up. Trump can then sell his shares at a better price. Mney out of thin air pays off for Trump.

It's as good of a scheme as crypto is for Trump & Co ...

#2 | Posted by AMERICANUNITY at 2025-11-17 05:45 PM | Reply | Newsworthy 1

#2 Absolutely.... and the rest of the country and the world see him getting away with and so they do the same.

#3 | Posted by Corky at 2025-11-17 08:26 PM | Reply

@#1 ... 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." ...

Wait, what?

Wasn't Pres Trump supposed to be a master businessman who would fix the US economy?


#4 | Posted by LampLighter at 2025-11-17 09:43 PM | Reply

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

#1 | Posted by Corky

A friend and I walked out of a Trump casino in Atlantic City with fat wads of his money.

How does someone bankrupt casinos?! Guess the same way he blew through his $400,000,000 inheritance ...

#5 | Posted by AMERICANUNITY at 2025-11-18 11:35 AM | Reply | Newsworthy 1

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