(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.

BING NEWS:
  • Trump Media and Technology Group Posts Over $300M Net Loss in First Public Quarter
    Trump Media and Technology Group, the owner of former President Donald ... For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included ...
    05/20/2024 - 1:01 pm | View Link
  • Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million
    Trump Media ... Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net ...
    05/20/2024 - 10:44 am | View Link
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