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Trump Media & Technology Group, owner of Truth Social, reported a staggering net loss of $327.6 million in the first quarter of 2024, with total revenue of just $770,500. The company, with a market cap of $6 billion, faced criticism for its financial performance.
Trump Media revenue shenanigans $DJT https://t.co/Dctde6F7c6
$DJT defies the laws of finance... ▪ Net loss of $327.6 million in Q1 2024 ▪ Revenue of $770,500 in Q1 2024 ▪ $7.96 billion market cap This company doesn't make sense or cents https://t.co/aufU54ZGqW
It blows my mind that Trump Media and Technology group is a company with a shrinking user base and declining revenues (now only at $770K) that is valued at over $6 Billion dollars. High valuations for unprofitable tech companies that are rapidly expanding their usebase make…