Published 08/10/2024 12:10:00 a.m.

Trump’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.

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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.

08/09/2024 9:26:22 p.m.·United States

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abc 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

08/09/2024 9:26:21 p.m.·United States

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CNBC

Trump Media reports $16 million loss for quarter as revenue falls

Donald Trump, the majority owner of Trump Media, often uses its Truth Social app as he campaigns as the Republican presidential nominee.

08/09/2024 8:47:32 p.m.·United States

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Raw Story

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…

08/09/2024 11:10:05 p.m.·United States

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Washington Top News

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. For the three-month period that ended June 30, the company posted a loss of $16.4 million, about half of which was legal expenses related to its merger with a company called Digital World Acquisi…

08/09/2024 9:26:00 p.m.·Washington, United States

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