Reported 2 months ago
Truth Social's parent company, Trump Media & Technology Group, reported losses of over $16 million and less than $1 million in revenue for the second quarter of 2024, primarily due to legal and technology expenses. The company's stock, trading under DJT, fell more than 7% as analysts pointed to its volatile market behavior. Despite the losses, the company believes new TV streaming services could pave the way for future revenue growth.
Source: YAHOO