U.S. President Donald Trump launched his social media platform, Truth Social, at the beginning of 2022. (Archive photo). Photo: Dado Ruvic/Reuters
Trump’s Truth Social firm loses 2.5bn in Q1
Trump Media & Technology Group (TMTG), the parent company of Truth Social, reported a $406 million loss in the first quarter, primarily due to falling cryptocurrency prices. While the company has a market valuation of $2.47 billion, its Q1 revenue was only $900,000. Donald Trump owns...
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