US EditionTrump’s Truth Social posts Q2 loss, lower revenue
- Trump Media and Technology Group reported a loss of $16.4 million for the quarter ending June 30, citing legal expenses related to its merger with Digital World Acquisition Corp.
- Additionally, Trump Media incurred $3.1 million in technology consulting and software licensing expenses for its new streaming service, Truth+.
- Truth Social claims it has no debt and sufficient capital to fund future operations.
16 Articles
16 Articles
Trump Media Reports $16 Million Quarterly Loss
“Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a net loss of more than $16 million for the most recent financial quarter, mostly due to legal expenses, as well as consulting and licensing expenses,” NBC News reports. “The stock price of Trump Media, which trades under the DJT ticker, has fallen sharply from a high of more than $71 per share shortly after began publicly tradi…
Trump Media — owner of Truth Social app — reports losing $16M as revenue plummets 30%
Donald Trump's company, Trump Media — owner of the social media app Truth Social — reported losing $16 million as revenue plummeted 30% from the same period last year, CNBC reported Friday.The stock price for the social media company, whose namesake, Trump, is the majority shareholder, fell from more than $71 per share in March to a meager $26 on Friday afternoon, according to the report. Trump Media's reported loss comes after it reported a $22…
Associated Press News
Trump's Truth Social posts Q2 loss, lower revenue
Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $16 million last quarter, along with a decline in revenue.
Trump's Truth Social Posts Q2 Loss, Lower Revenue
SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $16 million last quarter, along with a decline in revenue, according to its earnings report Friday.
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