DD Support Board and Research Team

[BullNBear52]

Trump Media plunge more than 20% after company reports net loss of $58 million in 2023
PUBLISHED MON, APR 1 202410:55 AM EDTUPDATED 10 MIN AGO
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Dan Mangan

KEY POINTS
Shares in Trump Media Technology Group fell sharply after the company reported a net loss of $58 million in 2023.
The newly publicly traded social media company of former President Donald Trump had total revenue of just $4.1 million last year, according to a filing with the Securities and Exchange Commission.
A year earlier, Trump Media & Technology Group reported a net profit of $50.5 million and total revenue of only $1.47 million, according to the 8-K filing.
“TMTG expects to incur operating losses for the foreseeable future,” says the filing by the company, which has a market valuation of more than $6.5 billion.
Trump Media, which trades under the ticker DJT on the Nasdaq, owns the Truth Social app.
https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html