Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

[hal]

https://variety.com/2024/digital/news/tr...236010937/

Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million.

[Speedy]

I guess this means the stock rose another 5%.

[wave rider]

Ouch! :emoticon-tv-015:

[hal]

every dollar spent generates a $500,000 loss - that takes talent!

[jonny]

Speedy wrote:
I guess this means the stock rose another 5%.

Not quite, but might as well have. Down 2.

[special]

hal wrote:
every dollar spent generates a $500,000 loss - that takes talent!

Only the best.

[GGD]

hal wrote:
every dollar spent generates a $500,000 loss - that takes talent!

Sorry, they're only losing $425.18 per $1 in revenue, they would have to lose $385.3 BILLION to get your figure.

[special]

GGD wrote:
[quote=hal]
every dollar spent generates a $500,000 loss - that takes talent!

Sorry, they're only losing $425.18 per $1 in revenue, they would have to lose $385.3 BILLION to get your figure.
It's only a matter of time

[sekker]

And yet the company is still officially valued at $6B.

'There's a sucker born every minute.' PT Barnum

[special]

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