Topline
Trump Media & Technology Group shares fell over 6% on Thursday, reaching an all-time low as the company records substantial net losses and low revenue.
Key Facts
Trump Media’s stock dropped 6.1% to $7.06 on Thursday, marking its sharpest drop of the week so far.
Shares of the Truth Social parent company have fallen over 46% since the start of the year, when they traded around the $13.77 mark.
It is unclear what caused Thursday’s tumble, but Trump Media stock has consistently fallen as the company has experienced repeated net losses in the last three quarters.
Forbes Valuation
We estimate Trump’s net worth at $5.9 billion as of Thursday afternoon, a $700 million drop from his net worth at the start of the year.
Big Number
$405.9 million. That is how much in net losses Trump Media reported for the first three months of 2026.
Key Background
Trump Media went public in 2024, debuting at $70.90 on the Nasdaq. The company’s shares had a volatile first year on the stock market, falling to around $13 six months after they became available to the public and surging back to around $40 per share for Trump’s inauguration. Trump Media posted $712 million in net losses for the full year 2025—a drop largely fueled by unrealized losses and investments on cryptocurrency, digital assets and equity securities ($368.7 million). The company’s revenue driver boils down to advertising sales on Truth Social, which contributed to just $3.7 million in annual revenue for 2025. Trump Media’s market cap remains just shy of the $2 billion mark as of Thursday.
Trump’s Truth Social Stake Drops $40 Million—Still Beats Market Post-Tariff (Forbes)
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