Donald Trump's ‘DJT' stock, especially its warrants, should benefit from any controversy he stirs.
Mr. Trump has treated Trump Media, which runs his social network Truth Social, as a low-cost sideshow. Now a big portion of his wealth hinges on its success.
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.
Trump Media (NASDAQ: DJT ) stock rose despite the company continuing to lose money. The social media company built around former President Trump lost $327 million on revenue of $770,000.
The company reported revenue of $770,500 in the January-March period, most of which came from “the company's nascent advertising initiative.”
Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday.
Earlier this month, the company fired an auditor that federal regulators recently charged with “massive fraud.”
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development' rather than revenue
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.
Trump Media reported a sizeable first-quarter loss with revenue below $1 million once again. Donald Trump stock DJT edged higher late.
Trump Media and Technology Group Corp. generated under $1 million in revenue during its latest quarter, while saying that it's more focused on elements other than its top line.
Trump Media and Technology Group , the operator of the social media app Truth Social, saw a wider loss in the first quarter due to certain non-cash expenses it incurred prior to closing its merger with a blank-check company.