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  • Trump’s social media company has lost over $300 million so far in 2024

    Trump Media & Technology Group, which runs Donald Trump’s Truth Social platform, has filed its first quarter revenue numbers to the Securities and Exchange Commission. The good news for MAGA-loving stockholders is that the company, of which Trump owns a reported 64.9% of the outstanding shares, pulled in a cool $770,500. Now get your sad horn sound ready: It also reported a net loss of $327.6 million. In a statement, the company’s CEO, former House member and Republican attack dog Devin Nunes,...

  • Trump’s Truth Social media company posts $327m first-quarter loss

    Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development’ rather than revenueTrump Media and Technology Group, the owner of Donald Trump’s social networking site Truth Social, lost more than $300m last quarter, according to its first earnings report as a publicly traded company.For the three-month period that ended 31 March, the company posted a loss of $327.6m, which it said included $311m in non-cash expenses related to its merger with a company...

  • Trump Media lost $327 million last quarter

    Trump Media & Technology Group reported a loss before income taxes of $327.6 million last quarter, as the company behind former President Donald Trump’s Truth Social says it’s prioritizing products over revenues. That’s a net loss of $3.61 per share attributable to shareholders for the quarter, Trump Media said in its earnings report late Monday. The company made $770,500 in revenue during the three months ended March 31, down from $1.12 million in the same period last year. At this early...