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Trump Media & Technology Group lost $58 million last year.
Now that the parent company of Truth Social has completed its merger, its financial situation is becoming clearer.
Reuters and CNBC reported on this filing showing revenue of $4.1 million for 2023, while the annual report notes “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern.”
TMTG’s stock closed the day down 21 percent from its opening price.
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