Since going public, shares in Trump Media have gyrated wildly, often depending on news related to Trump, the Republican presidential nominee.Truth Social came into existence after he was banned from Twitter and Facebook following the Jan.6, 2021, Capitol riot.Based in Sarasota, Florida, Trump Media has been losing money and struggling to raise revenue.
It lost nearly $58.2 million last year while generating only $4.1 million in revenue, according to regulatory filings.