Comment on Trump Media and Technology Group Posts Over $300M Net Loss in First Public Quarter

Trump Media and Technology Group Posts Over $300M Net Loss in First Public Quarter

(SARASOTA, Fla.) — Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with.

 

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