Trump Media reports $16 million loss for quarter as revenue falls

[Zincwarrior]

Truth Social generates an astounding $839,000 in the most recent quarter. A media juggernaut is finally catching stride.
Only an $18MM EBITDA loss!

Trump Media reports $16 million loss for quarter as revenue falls​

https://www.cnbc.com/2024/08/09/trump-media-reports-16-million-loss-for-quarter-as-revenue-falls.html

• Trump Media, the social media company whose majority shareholder is former President Donald Trump, reported a net loss of more than $16 million for the most recent financial quarter.
• Trump Media, which owns the Truth Social app often used by the former president, also reported revenue of just $836,900 for the quarter ending June 30, a 30% drop from the same period in 2023.
• The Republican presidential nominee Trump and his running mate Sen. JD Vance will face the Democratic nominee, Vice President Kamala Harris, and Minnesota Gov. Tim Walz in November’s election.

 

[Moonglow]

What a leader...

 

[0311]

DJT Sinks To New Low: Why Trump Media Investors Are Feeling Less Bullish.

DJT sinks to new low: Why Trump Media investors are feeling less bullish

Shares of Truth Social owner Trump Media are tumbling as Kamala Harris gains ground on Donald Trump. Here's why.

www.usatoday.com

As a trading concern, Donald Trump’s social media company has become a way for investors to bet on the former president’s odds of retaking the White House.

Since going public through a special-purpose acquisition company merger in March, shares of Trump Media & Technology Group have fluctuated wildly alongside its namesake’s political fortunes.

Following Vice President Kamala Harris’ ascension to the top of the Democratic ticket, Trump has slipped in the polls and so, too, have shares of Trump Media, which owns the GOP nominee’s social media bullhorn of choice, Truth Social.