Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses [The New York Times]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: The New York Times
On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses.The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital Acquisition Corporation, a cash-rich shell company that served as a vehicle for taking Trump Media public. After the merger, Trump Mediasaid it had about $274 million in cashThe public debut of Trump Media has been a boon to Mr. Trump, who owns a nearly 65 percent stake, worth about $6 billion. The company also boasts an equally lofty valuation of more than $7 billion based on the price of the company’s shares.In aregulatory filing,It’s hard to compare the year-ago period with the first quarter, which was dominated by expenses related to the completion of the company’s merger. In the first three months of the year, Trump Media had a net loss of $327.6 mill
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- Trump Media stock price shows conflicted views of investors after historic guilty verdict [Yahoo! Finance]Yahoo! Finance
- Inflation slows, Trump Media stock on the move: Yahoo Finance [Yahoo! Finance Canada]Yahoo! Finance Canada
DJT
Sec Filings
- 5/28/24 - Form 8-K
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- DJT's page on the SEC website