The worst Trump trade
Trump Media and Technology Group's stock has fallen nearly 90% since going public in spring 2024, with a current market cap of $2.5 billion despite reporting $3.7 million in revenue in 2025. The company's various business ventures, including Truth Social and cryptocurrency plans, have underperformed.
Trump Media and Technology Group's stock has plummeted nearly 90% since its initial public offering in spring 2024 via a SPAC. The company's shares are currently trading around $9, with a market cap of $2.5 billion. TMTG reported $3.7 million in revenue in 2025 and a net loss of $712.3 million. Truth Social, the company's conservative Twitter alternative, has failed to gain significant traction. The company has also explored other ventures, including a bitcoin trust, a new cryptocurrency token, and prediction markets, but these efforts have been underwhelming. TMTG launched five Truth Social ETFs in December, but they have only accumulated $34 million in assets, below the typical break-even point.
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