Truth of the matter Social, the Trump Media and Technology slush fund Team shed just about $330 million the very first quarter of 2024, in their most recent earnings report.
The Trump media business collected $770,five hundred income through that period of time of time which is terrible.
ABC News reports:
For the a few-thirty day period interval that finished March 31, the firm posted a decline of $327.six million, which it stated involved $311 million in non-cash bills associated to its merger with a organization known as Digital Planet Acquisition Corp., which was in essence a pile of funds hunting for a goal to merge with. It’s an case in point of what is identified as a unique purpose acquisition business, or SPAC, which can give young organizations quicker and much easier routes to finding their shares buying and selling publicly.
A year earlier, Trump Media posted a loss of $210,300.
The firm has been plagued by fraud, auditors and wild claims of Wall Avenue conspiracies.
A common working day in the lifetime of diminished Donald Trump.
Trump constantly assaults any media outlet that criticizes him claiming they are shedding dollars and have awful scores. How does it sense to suck down some of that muck spewing,” Donny?
When you get rid of $327.six million *in a quarter* on earnings of just $770,500 and have a magical, mystical current market cap of $six.six billion you will have to be Trump Media — operator of Real truth Social. https://t.co/uyYfbgDuWm
— Tim O’Brien (@TimOBrien) May perhaps twenty, 2024
