Drudge Retort: The Other Side of the News
Monday, May 20, 2024

Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. The results will raise additional questions about the multi-billion dollar valuation on the newly public company, which is majority owned by former President Donald Trump. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. In April, the conservative-friendly social network experienced a 19% year-over-year drop in average daily active US users on iOS and Android to just 113,000, according to market research firm Similarweb. Rival X (formerly known as Twitter) had more than 34 million users on iOS and Android, while Instagram's Threads had 3.5 million.


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It's as if he's a MASSIVE FRAUD.


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How much was skimmed off the top and went directly to his bank account.

Asking for John Rigas.

#1 | Posted by Nixon at 2024-05-21 07:02 AM | Reply

The concern I have with those financial results is the following ...

A start-up company often (frequently) loses money in its early days.

But they also show a promising revenue stream in the future, a revenue stream that will offset the initial losses. (cf.

The problem I see with the DJT stock is that is seems to be unable to demonstrate a projected revenue stream for the future. Advertisers appear to shun the site.

So, the quarterly losses take the fore in the reports.

imo, and I am not a financial advisor....

#2 | Posted by LampLighter at 2024-05-21 09:27 PM | Reply

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