DJT: Trump Media reports $771,000 revenue for first quarter, net loss of $327.6 million

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Trump Media, the parent company of Donald Trump’s Truth Social, debuted on the Nasdaq stock exchange in March.

Trump Media & Technology Group, the parent company of Donald Trump's Truth Social network, reported a net loss of $327.6 million, with total revenue at $770,500 in its first fiscal quarter.

TMTG also said it signed contracts with a data center partner and hardware vendor to launch Truth Social's TV streaming platform.This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.platform, disclosed a net loss of $327.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonusThe shares were part of a contractual “earnout bonus” that Trump’s eponymous media company agreed to shortly before it went public in March.
Source: NBCLA - 🏆 319. / 59 Read more »

DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonusThe shares were part of a contractual 'earnout bonus' that Trump's eponymous media company agreed to shortly before it went public in March.
Source: CNBC - 🏆 12. / 72 Read more »

Trump Media CEO urges House GOP leaders to probe possible ‘manipulation' of DJT stockDonald Trump’s media company CEO Devin Nunes wants Congress to probe possible manipulation of DJT stock.
Source: NBCLA - 🏆 319. / 59 Read more »

Trump Media CEO urges House GOP leaders to probe possible ‘manipulation' of DJT stockDonald Trump’s media company CEO Devin Nunes wants Congress to probe possible manipulation of DJT stock.
Source: nbcsandiego - 🏆 524. / 51 Read more »