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Trump Media reported a $300M loss in Q1.
Trump Media, founded by former US President Donald Trump, reported a loss of over $300M in Q1 despite minimal revenue.
The company, in early development, prioritizes long-term product development (like streaming services) over immediate revenue.
Its advertising business is in a nascent stage, contributing to the loss.
The social media platform, Truth Social, faces a challenging financial landscape.
11 months ago
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