Truth Social Parent Company Suffers Over $320 Million Loss In 1st Quarter Of The Year

Trump Media & Technology Group Corp. released its financial results for the fiscal quarter ending March 31. This marks the company’s first earnings report since it became publicly traded in March after completing a merger with Digital World Acquisition Corp.The company reported generating just $770.5 million in advertising revenue in the first three months of this year, all of it coming from ads on products and services on Truth Social.

“Our positive working capital allows us to explore and pursue a wide array of initiatives and innovations to build out the Truth Social platform, including potential mergers and acquisitions activities,” Nunes added. “We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform.

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