Trump Media & Technology Group Corp. (DJT)
Trump Media slumps after posting $327mln loss
Trump Media & Technology Group Corp (NASDAQ:DJT), parent of the former president's Truth Social, slumped on Tuesday after posting a multi-hundred-million dollar loss for the first quarter. Net losses came in at US$327 million for the three months to March, Trump Media's first report as a publicly traded company showed on Monday.
Trump Media slumps after posting $327mln loss
Trump Media & Technology Group Corp (NASDAQ:DJT), parent of the former president's Truth Social, slumped on Tuesday after posting a multi-hundred-million dollar loss for the first quarter. Net losses came in at US$327 million for the three months to March, Trump Media's first report as a publicly traded company showed on Monday.
Trump Media Stock Slides After Reporting $327.6M Q1 Loss
Trump Media & Technology Group (DJT) stock dropped more than 9% in intraday trading Tuesday, a day after the media company of former President Donald Trump reported a $327.6 million quarterly loss.
Trump's “unified Reich” video controversy is a win for Truth Social
Donald Trump's ‘DJT' stock, especially its warrants, should benefit from any controversy he stirs.
Donald Trump's Wealth Now Hinges on Trump Media
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 stock falls 10% after posting $327.6 million loss in first quarter
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.
DJT Stock Alert: Trump Media Keeps Bleeding Money
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.
DJT Earnings Report Shows Loss. The Stock Still Rises.
The company reported revenue of $770,500 in the January-March period, most of which came from “the company's nascent advertising initiative.”
Parent company of Trump's Truth Social posts $328 mln loss
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.
Truth Social parent Trump Media & Technology posts $327M loss on little revenue
Earlier this month, the company fired an auditor that federal regulators recently charged with “massive fraud.”
Trump's Truth Social media company posts $327m first-quarter loss
Trump Media and Technology Group, which owns Truth Social, says focus is ‘long-term product development' rather than revenue
DJT: Trump Media reports $771,000 revenue for first quarter, net loss of $327.6 million
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.
