Trump media company lost more than $327m in first quarter
Related Articles
-
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’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 Media Reports $327M First Quarter Loss as It Posts Revenue of Just $770K
Trump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in...