Trump Media slump after reporting wider quarterly loss as sales decline

Core Insights - The optimism surrounding Trump Media & Technology Group (TMTG) has significantly diminished less than a year into Donald Trump's second term [1] - TMTG, the company behind Truth Social, reported another steep quarterly loss, indicating ongoing financial challenges [1] Financial Performance - TMTG's latest financial report shows a substantial quarterly loss, reflecting the company's struggles to achieve profitability [1] - The decline in financial performance is a stark contrast to the initial expectations set for the company [1] Market Position - The fading optimism around TMTG suggests a potential shift in market perception regarding the viability of Truth Social as a competitive platform [1] - The challenges faced by TMTG may impact its ability to attract new users and investors moving forward [1]