Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

21May21.05.2024

Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

Trump Media and 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 loss of $327.6 million.

Shares in Sarasota, Fla.-based TMTG — which says it is a “safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations” — began trading on Nasdaq March 26, 2024, following its merger with special purpose acquisition company Digital World Acquisition Corp. (DWAC).

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Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

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