Trump Media Firm Posts Steep Loss in 2023 After Earlier Stock Surge
• Trump Media & Technology Group lost $58.2 million in 2023, a steep decline from $50.5 million profit in 2022 • Revenue was $4.1 million in 2023, up from $1.5 million in 2022 • Stock price surged after debut but has since fallen closer to $49.95 initial offering price • Stock closed at $48.66 on Monday after 21% drop, hitting early investors • Insiders like Trump still cannot sell shares for 6 months under current rules