Trump Media Stock Up After Company Reports $300 Million Loss
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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,...
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Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
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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.