DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
Publishing timestamp: 2024-05-21 08:41:26
Summary
Trump Media & Technology Group, parent company of Donald Trump's Truth Social platform, reported a net loss of $327.6 million in its first fiscal quarter with total revenue at $770,500. DJT shares were relatively flat in post-market trading. The company also announced plans to launch a TV streaming platform and explore potential mergers and acquisitions activities.
Sentiment: NEUTRAL
Keywords: foreign policy, earnings, politics, breaking news: markets, trump media & technology group corp, national security, donald trump, defense, breaking news: politics, government and politics, social media, elections, business news, markets,
Source: https://www.cnbc.com/2024/05/20/trump-media-djt-q1-2024-earnings.html