Truth Social in free fall: Trump's stock plummets dramatically. Trump Media and Technology Group, which owns Truth Social, said in a report to the Securities and Exchange Commission that the company had revenue of just over $4 million last year.
The company's plummeting stock price fell to its lowest level since Trump Media's IPO last week, taking more than a fifth of its market value in a single day. The value of Trump's 57 percent stake in the company also fell by around $1 billion to $3.8 billion. Trump, who has no money invested in Trump Media, received 78 million shares of the company's stock last week.