Trump Media & Technology Group, the parent company of Truth Social, disclosed significant financial losses in its latest SEC filings. The company reported a net loss of $58.2 million in 2023, with revenue totaling $4.13 million for the year. Despite these losses, the company was valued at more than $8 billion after going public on March 26. The filings also revealed a decline in revenue between Q3 and Q4 2023, with the company earning only $751,000 in the final quarter of the year. Shares of Trump Media fell sharply following the disclosure, with a reported drop of 15%, and further declines to over 25% and 23% on subsequent days, totaling a net loss of $58.19 million for the year. The financial struggles have raised doubts about the company's ability to meet its financial liabilities, just days after completing its merger with a blank-check firm.