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Trump’s Truth Social Sinks to Embarrassing New Low
The Daily Beast • • business
Key Points:
- Trump Media & Technology Group (TMTG), operator of Truth Social, saw its stock price fall to an all-time low of $7.52 per share, down over 57% from the previous year and more than 41% since early 2026.
- TMTG's stock was initially valued at over $90 per share at Truth Social's 2022 launch but has steadily declined despite temporary rebounds linked to Trump's 2024 election victory and 2025 inauguration.
- The company reported a net loss exceeding $400 million in Q1 2026, with revenue just over $870,000, largely due to unrealized losses from significant bitcoin investments amid a major cryptocurrency crash.
- Additional financial setbacks included losses from equity securities, accreted interest, and stock-based compensation, contributing to the company's ongoing financial struggles.
- TMTG faced leadership changes with the unexpected resignation of CEO Devin Nunes in April, who cited the need for new leadership to guide the company through its transition phase.
