Comment on Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Former President Donald Trump could reap billions if Truth Social's parent company's long-delayed merger finally goes through.Chip Somodevilla; Jakub Porzycki/NurPhoto via Getty ImagesTrump Media & Technology Group lost $327.6 million in the first quarter, per an earnings report.The Monday filing revealed that TMTG earned a revenue of $770,500 in the first three months of the year.The company's current market cap is over $6 billion.The parent company of Truth Social, former President Donald Trump's social media company, lost $327.6 million in the first quarter, per its Monday earnings report.Trump Media & Technology Group went public via SPAC at the end of March after it merged with Nasdaq-listed Digital World Acquisition Corp.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News