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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 me…

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