Donald Trump

Futurism -   President Donald Trump’s Truth Social bid, Trump Media & Technology Group (TMTG), has burned through an alarming amount of cash. The company, which owns the president’s struggling far-right social media platform, issued an alarming financial report earlier this month, revealing that it had lost a staggering $712.1 million last year — while earning a pitiful $3.7 million.

The disastrous figures once again highlighted how the company, 52 percent of which is owned by Trump and which trades with a ticker of his initials DJT, has firmly cemented itself as a gauge of the president’s popularity rather than as a viable business.

As Trump’s war on Iran rages on, polls have shown that his approval rating continues to dip. A similar story is playing out at his social media company, with shares reaching an all-time low on Friday of $9.73. That’s an enormous fall from the company’s record high of just shy of $80 shortly after the company merged with a blank check acquisition company in March 2024, a move that allowed it to be publicly traded.