Donald Trump’s social-media business lost more than $58 million last year as revenue for the former president’s Truth Social platform trickled in, contrasting sharply with the company’s rocketing share price.

Trump Media &amp; Technology Group Corp. generated just $4.1 million in revenue for the full year, results reported in a filing Monday morning show, providing an update on the stock that closed its blank-check deal last week. Despite the modest financials, the company was worth about $7.5 billion even after an 11% drop in early trading, as the meme stock continued to captivate retail traders.

Trump’s media company debuted last week after closing of merger with Digital World Acquisition Corp. brought in more than $275M of cash{ai:summary}<p>Truth Social, Trump's media venture, faced over $58 million in losses last year, with revenue of only $4.1 million. Despite the low earnings, the company's value remained high at $7.5 billion, appealing to meme stock enthusiasts. #economy</p>

Trump Media lost more than $58 million last year

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