Trump Media and Technology Group posts $770,500 in earnings, spent $327.6 million in 1st quarter

In case math isn't your strong suit, that's a loss of $327 million. TMGG claims that this was due to $331 million in expenses connected to its merger with Digital World Acquisition Corp., but even if you buy that, it's not sustainable to have losses 22 times income.

TMTG is the publicly-traded company that owns TruthSocial, Trump's personal social networking site. Shares continue to trade at $48 despite the company's negative cash flow.

https://www.politico.com/news/2024/05/20/trump-media-lost-300-million-00159052