Trump Media revealed last week that it lost $58 million on very little revenue—just $4.1 million—last year. In contrast, Twitter, which is currently rebranded as X, made $665 million in sales in 2013 before going public in November of the same year, more than a hundred times over.
Trump Media’s market value after the opening day of trade reached as high as $11 billion. Even though Reddit made about 200 times as much money as it did during its IPO in March, that valuation is about twice as high.
The stock prices of Trump Media and the blank check firm it merged with have more than doubled this year, despite the recent losses.
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