Trump Media Stock Slump Deepens as Election Bump Erased, Losses Mount

Less than one year into Donald Trump’s second term and the post-election ebullience has evaporated from shares of his social media company as sales stagnate and profitability remains elusive.

Trump Media & Technology Group Corp. reported a quarterly loss of roughly $55 million in the three months ending Sept. 30, according to a statement. That’s more than double a $19 million loss reported in the year prior.