Shares of Truth Social owner Trump Media & Technology Group have plunged after the company disclosed it lost more than $US58 million ($90 million) and generated very little revenue in 2023.Former President Donald Trump is the company's majority shareholder, and his net worth tumbled by more than $US1 billion ($1.54 billion) as a result.The figures underscore why some experts warn Trump Media's multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.
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