Trump Media lost $327 million last quarter
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Trump Media lost more than $300 million last quarter on very little revenue
Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. The results will raise additional questions about the multi-billion dollar valuation on the newly public company, which is majority owned by former President Donald Trump. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. In...
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Trump’s Truth Social Media Company Lost Nearly $330 Million Last Quarter, On Track to Lose More Than $1 Billion By End of Year
'TRUTH' Posts Steep Loss on Little Revenue (Second column, 2nd story, link) Related stories:BECKER: After almost a decade of Trump, America is tired. And scared
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Trump Media shares fall after it posts $327.6 million loss for first quarter
I'm not surprised that Trump Media only had $700k in revenues last quarter: it's a Trump-themed Twitter clone running on free software with no business plan. But how on Earth does such a thing lose hundreds of millions of dollars every few months? — Read the rest