Trump Media and Technology Group Posts Over $300M Net Loss in First Public Quarter
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Trump Media and Technology Group posts more than $300 million net loss in first public quarter
SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, […]
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Trump Media and Technology Group Reports $327.6 Million Loss in First Public Earnings Report
This marks a decline from the $1.1 million in revenue recorded during the same period the previous year. In the same quarter last year, Trump Media reported a loss of $210,300.
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Trump Media stock closes down 8.6% after posting $327.6 million loss in first quarter
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.