Donald Trump's company, Trump Media — owner of the social media app Truth Social — reported losing $16 million as revenue plummeted 30% from the same period last year, CNBC reported Friday. The stock price for the social media company, whose namesake, Trump , is the majority shareholder, fell from more than $71 per share in March to a meager $26 on Friday afternoon, according to the report. Trump Media's reported loss comes after it reported a $22.
8 million loss for the same period last year. About half of the loss for the most recent quarter was due to legal fees stemming from Trump Media’s merger with Digital World Acquisition Corp., the company said.
Meanwhile, its revenue of $839,000 — down from $1.2 million for the same period last year. READ ALSO: GOP strategist: Seething Trump 'hates how good' Kamala Harris is getting at rallies The report comes after Trump reportedly lost more than $267 million in June as the value of Trump Media fell.
A Pennsylvania Democrat believes Donald Trump's team is using him as a "large, orange puppet" to further their Project 2025 agenda and ban an abortion drug. Rep. Madeleine Dean talked Friday with MSNBC's Nicolle Wallace on "Deadline: White House " about the Republican presidential nominee's comments calling abortion a "small issue" in the election.
"That tells you everything you need to know about Donald Trump ," said Dean. "It's a small issue for him because he doesn't care about the truth, the facts, or anybody else. It is not.