Trump Media Reports $16 Million Quarterly Loss as Revenue Declines

The company's earnings reveal a significant drop in revenue and mounting legal expenses following its public debut.

Second-quarter revenue fell to $836,900, a 30% decline from last year.
The company attributed the revenue drop to changes in advertising partnerships.
Trump Media's stock has experienced significant volatility, currently valued at around $5 billion.
Half of the quarterly loss was due to legal expenses from the merger with Digital World Acquisition Corp.
CEO Devin Nunes announced plans to expand the Truth+ streaming service and explore growth opportunities.