Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million
Trump's Tech Firm: $328M Loss, What's Next?
Trump Media and Technology Group, affiliated with Donald Trump and operator of Truth Social, reported a Q1 revenue of $770,500 in 2024, alongside a net loss of $327.6 million. The company, which went public under the ticker "DJT" after merging with DWAC, emphasized its focus on long-term product development over immediate revenue. Despite substantial non-cash expenses and operational losses, TMTG plans to expand its offerings with a live TV streaming platform and believes it has sufficient capital for future operations.
What was the reported revenue and net loss for Trump Media and Technology Group (TMTG) in the first quarter of 2024?
Trump Media and Technology Group (TMTG) reported revenue of $770,500 and a net loss of $327.6 million in the first quarter of 2024.
When did TMTG start trading on Nasdaq and under what ticker symbol?
Trump Media and Technology Group (TMTG) began trading on the Nasdaq stock exchange on March 26, 2024. The company's shares are listed under the ticker symbol "DJT."