Tuesday, May 21, 2024 4:41:03 PM
Talk about convoluted. 320+ million loss but still holding cash on hand? Did they have 750 million somewhere?
And I wonder who they'll steal the streaming software and platform from? And still nunes the failed other guy keeps saying they're on track for massive growth.
Still, Trump Media reported having just under $274 million in cash and cash equivalents, which allows it “to fund its activities for the foreseeable future.”
Former Republican Rep. Denin Nunes, the company’s CEO, said Trump Media “is well-positioned at this early stage to grow quickly and fulfill our mission.”
“Our positive working capital allows us to explore and pursue a wide array of initiatives and innovations to build out the Truth Social platform, including potential mergers and acquisitions activities,” Nunes added. “We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform.”
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