News Formal

Parent company of Trump's Truth Social posts US$328m loss

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

Trump Media And Technology Group News

Truth Social,Donald Trump

WASHINGTON, May 21 ― Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than US$300 million...

Fahmi: Cancellation of Singapore comedian Sharul Channa's permit took into account police reports on video related to 3R issues

TMTG, which recently went public, posted a net loss of US$327.6 million from January to March, compared with US$210,300 in net losses for the same period last year, according to a company statement. TMTG began publicly trading on the Nasdaq on March 26, meaning the Republican White House candidate's media group is now obligated to publish quarterly results.

According to TMTG, the vast majority of the quarterly losses were related to US$311 million in non-cash expenses ― including the elimination of prior liabilities ― which occurred prior to the merger with Digital World.

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:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

MABE focused on parent companyKOTA BHARU: The Federal Government agrees with the Kelantan government's proposal to extend the runway at the Sultan Ismail Petra Airport (LTSIP) by 400m to become an international airport.
Source: staronline - 🏆 4. / 75 Read more »