Trump’s Truth Social Stock Market Value Plummets [Video]

Donald Trump’s social media platform Truth Social took a huge dive on the stock market as more details on its earnings were revealed.

On Monday (April 1), investors got their first look at the financial data of the parent company behind Truth Social, the social media platform of former President Donald Trump. And what they saw led to the values of shares in the company plummeting sharply, leading to a billion dollars shaved off of the value of Trump’s personal stake in the Trump Media and Technology Group.

According to reports, the regulatory finding released by the company to go public on the NASDAQ stock market led to Trump Media stock sinking 25% in value to $46 a share as opposed to $79 a share the week before. The data also revealed that the company made $4.1 million last year in revenue, closing out with a fourth quarter earning of $750,000 but a net loss of …