Trump Media stock tanks as new filing reveals heavy losses, 'greater risks' on Trump's involvement

At Monday's closing price of $48.66, Trump Media had a market cap of $6.65 billion, giving the former president a stake worth $3.8 billion. After the company's public debut last week, Trump's stake was worth just over $4.5 billion.early Monday that showed the company taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform.

"TMTG may be subject to greater risks than typical social media platforms because of the focus of its offerings and the involvement of President Trump," the company said, citing risks that include the harassment of advertisers and criticism of Truth Social's moderation practices.Notably, Trump Media revealed that it heavily relies on advertising, with ad sales contributing to a "substantial majority of our revenue.

The only exception to the lockup period would be if the company's board votes to make a special dispensation. Although possible,Former President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs in New York City on March 25, 2024.

Source: News Formal (newsformal.com)

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