Oh, the vagaries of high finance, folks!
Donald Trump has suffered a $2bn blow to his wealth after shares in his company Truth Social plunged by almost a quarter.
Trump Media & Technology Group (TMTG) - the parent company of Mr Trump’s social media platform - saw its stock tumble after revealing it lost $58m (£46m) last year on revenues of just $4.1m. That compares to a market value of $6.3bn.
The company also warned of a “substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due.”
The financial disclosures sparked a sell-off that saw shares in TMTG drop around 24pc.
It comes only a week after the company began trading on the Nasdaq following a merger with a listed cash shell.
Shares soared by more than 50pc after the deal was completed and TMTG began trading under the ticker DJT.
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