Trump Media stock falls 10% after posting $327.6 million loss in first quarter
Trump Media, the brainchild of former President Donald Trump, has been making headlines recently for all the wrong reasons. The company reported a staggering loss of $327.6 million in the first quarter of 2024, with only $770,500 in revenue. As a result, Trump Media’s stock dropped by more than 10%.
The numbers are mind-boggling – how can a company with such meager revenue incur such massive losses? The expenses seem disproportionate to any rational business model, leading to speculation about where the money is going. The fact that the losses are attributed to non-cash expenses only adds to the mystery surrounding the company’s financials.… Continue reading
John Q. Hosedrinker