Trump Media & Technology Group, the parent company of Truth Social, reported a net loss of $31.7 million for the first quarter, with net sales totaling $821,000. The company ended the quarter with $759 million in cash and investments. Despite the loss, the company experienced a narrowing of losses and an increase in sales compared to previous periods in what has been described as the Trump 2.0 era. However, the latest quarterly report also revealed a material weakness in the company's internal controls over financial reporting, attributed to a failure to design and maintain formal accounting policies, processes, and controls. This weakness raises the risk of potential misstatements in the financial statements, as noted in the firm's 10-Q filing submitted shortly before the SEC's close.