Donald Trump's media business continued its rocky start as a public company, with shares in Trump Media & Technology Group closing at a new low since listing on the Nasdaq exchange late last month.The stock — which trades under the ticker symbol 'DJT,' the former president's initials — on Friday fell $5.56, or 12%, to close at $40.59 — the company's lowest level since its March 26 debut. For the week, Trump Media shares slid more than 32%.
'Closing out the 2023 financials related to the merger, Truth Social today has no debt and over $200 million in the bank, opening numerous possibilities for expanding and enhancing our platform,' the spokesperson said. 'We intend to take full advantage of these opportunities to make Truth Social the quintessential free-speech platform for the American people.'For 2023, Trump Media posted a loss of $58 million on revenue of $4.1 million.