Trump Media stock closes down 8.6% after posting $327.6 million loss in first quarter
Related Articles
-
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
-
Trump Media Stock Up After Company Reports $300 Million Loss
Shares of Trump Media & Technology Group rose Tuesday in pre-market trading, following the release of the company's first quarter earnings report on Monday.The ContextTMTG, the parent company of former President Donald Trump's social media platform Truth Social, reported a net loss of $327.6 million for the first quarter of 2024. This loss was primarily attributed to non-cash expenses related to the company's recent merger with Digital World Acquisition Corp., a special purpose acquisition...
-
After backlash, Trump pulls social media post with reference to 'unified Reich'
Donald Trump deleted a video posted to his Truth Social account that included reference to a "unified Reich" after President Joe Biden's campaign and others criticized the use of language often associated with the Nazi regime. The 30-second video, which was posted on Monday afternoon, was no longer available on