Shares of Trump Media & Technology Group rose Tuesday in pre-market trading, following the release of the company's first quarter earnings report on Monday.The ContextTMTG, the parent company of former President Donald Trump's social media platform Truth Social, reported a net loss of $327.6 million for the first quarter of 2024. This loss was primarily attributed to non-cash expenses related to the company's recent merger with Digital World Acquisition Corp.
Views'After an unprecedented, years-long process, we have consummated our merger and dispensed with the vast bulk of merger-related expenses, leaving the Company well-capitalized and supported by a legion of retail shareholders who believe in our mission to provide a free-speech beachhead against Big Tech censorship,' Nunes said in a statement alongside the earnings report.'TMTG is well-positioned at this early stage to grow quickly and fulfill our mission,' he added.