TMTG, former President Trump's media company, reported a loss of $58.2 million in 2023.

This loss contrasts with the previous year's profit of $50.5 million.

Truth Social, operated by TMTG, is expected to face ongoing operating losses and negative cash flows.

Revenue increased to $4.13 million, but cash reserves were low at $2.6 million by year's end.

TMTG's stock experienced volatility, soaring initially but then falling 21.5% from Friday to Monday.

The market value loss amounted to $4 billion for the company and a $2.5 billion decrease in Trump's stake.

Investor concerns center on the platform's profitability and small user base, casting doubt on its growth potential.