Trump's Social Media Venture Struggles to Turn Hype into Profit

• Trump's net worth drops by $1 billion as shares of Truth Social owner Trump Media & Technology Group fall 21% • The company reported losses of $58 million in 2023, compared to a profit of $50.5 million in 2022 • Truth Social generated just $4.1 million in revenue in 2023, up from $1.5 million in 2022 • Trump owns 78.8 million shares in Trump Media worth $3.8 billion currently, down from $6.3 billion last week • Despite high valuation, the company is generating little revenue - "If your child had a lemonade stand it would make more money," says one journalist