Trump Media lost more than $300 million last quarter on very little revenue | CNN Business

New York CNN  — 

Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday.

The results will raise additional questions about the multi-billion dollar valuation on the newly public company, which is majority owned by former President Donald Trump.

Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year driven mostly by one-time losses linked to the deal that brought the company public earlier this year. The company lost

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Vox launches subscription program as news publishers race to diversify revenue streams | CNN Business

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape...

Scarlett Johansson says she is ‘shocked, angered’ over new ChatGPT voice

Enlarge this image When OpenAI announced its latest ChatGPT last week,...

FDIC Chair Martin Gruenberg will resign following a scathing investigation that detailed a toxic workplace | CNN Business

New York CNN  —  Martin Gruenberg, head of the Federal Deposit Insurance Corporation, will step down following a scathing...