327 articles
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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...
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Public Storage (NYSE:PSA) PT Lowered to $327.00
Public Storage (NYSE:PSA – Free Report) had its price objective lowered by Barclays from $330.00 to $327.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock. PSA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft […]
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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