Trump Media Company Debuts on Stock Market With $4.6B Valuation Despite Modest Revenue and Losses

Trump Media & Technology Group, the parent company of Truth Social, debuted on the stock market with shares surging over 50% early on.

Trump owns a 60% stake in the company worth over $4.6 billion, making it one of his largest assets.

The company reported only $3.4 million in revenue in 2022 with losses of $49 million, calling into question its high valuation.

Trump is prohibited from selling his shares for 6 months due to a lockup provision common in deals.

Critics warn the public listing opens opportunities for influence-seekers to funnel money to Trump through the company.