The company Trump Media and Technology Group (TMTG) recorded a loss of 300 million dollars in the first quarter of 2024, as it announced yesterday in its announcement. Former US President Donald Trump's company, which went public on Wall Street in late March, suffered a loss of $327.6 million from January to March, up from a $210.3 million loss last year. corresponding period of last year, clarifies the press release. In these three months the turnover of TMTG, whose main resource is the social networking site Truth Social, had a turnover of only 770,500 dollars. To make it easier to enter Wall Street, TMTG merged with Digital World Acquisition Corp (DWAC). The merger cost Donald Trump's company more than $6 million, quadrupling its operating loss compared to Q1 2023 to $12.1 million. According to company data, TMTG shares are held “from 621,000 and […]
Source: News Beast
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