Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K

Trump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public.

Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year.

However, it also reported a net loss of $327.6 million during the first three months of the year, as compared with a loss of $210,300 a year ago.

Read more at The Daily Beast.