The parent company of Truth Social, President Donald Trump’s social media platform, reported a staggering $400.9 million loss in 2023, with annual revenue dropping 12% to $3.6 million. Trump Media & Technology Group disclosed its earnings late Friday, attributing part of the loss to a revenue-sharing deal with an unnamed advertising partner. Following his November election victory, Trump transferred his $4 billion stake in the company to the Donald J. Trump Revocable Trust. The move handed over control of his majority stake to his son, Donald Trump Jr., who now has sole authority over the trust’s securities. #news #trump #business #truthsocial #stake