Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Mon, 05/20/2024 - 22:56

Donald Trump and a screenshot of his Truth Social account — Former President Donald Trump could reap billions if Truth Social's parent company's long-delayed merger finally goes through.
Chip Somodevilla; Jakub Porzycki/NurPhoto via Getty Images

Trump Media & Technology Group lost $327.6 million in the first quarter, per an earnings report.
The Monday filing revealed that TMTG earned a revenue of $770,500 in the first three months of the year.
The company's current market cap is over $6 billion.

The parent company of Truth Social, former President Donald Trump's social media company, lost $327.6 million in the first quarter, per its Monday earnings report.