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.

May 20, 2024
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