Reported 5 months ago
Trump Media and Technology Group, owner of Truth Social, reported a net loss of over $300 million in its first public quarter, attributing most of it to non-cash expenses related to a merger with Digital World Acquisition Corp. The company generated $770,500 in revenue, mainly from advertising, down from $1.1 million the previous year. Trump Media stated its focus is on long-term product development rather than short-term revenue. The company has had issues with auditors and saw its stock trading under the symbol "DJT" remain stable at $48.45 in extended trading.
Source: YAHOO