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.
DJT shares were relatively flat in post-market trading following the release of the earnings report, which had not been highly publicized prior. 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.
In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment. The company told the SEC last week that it would delay its quarterly filing, after the agency charged its former auditor,CPA, with"massive fraud" of hundreds of companies, raising red flags about the accuracy of the financial information that the firm had audited.Lifestyle
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