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Donald Trump’s social media company has slumped from its sugar-high market debut. Trump Media & Technology Group, the parent to Trump’s Truth Social platform, fell 21 per cent on Monday – wiping out gains seen after its March 26 launch – to close at $48.66 a share, after a financial disclosure revealed the company lost more than $53 million in 2023. Its revenue was just over $4 million. To watch: whether Trump (whose stake fell in value by more than $1 billion) tries to remove a six-month lock-up that prevents him selling his shares or using them for a loan. To note: Trump Media still has a market value of more than $6 billion, compared with $8 billion for Reddit, a social media platform that brought in $800 million revenue last year.