_trump-media-amp-technology-group-posts-net-loss-in-first-quarter-as-the-truth-social-parent-company-pursues-mergers-stre.jpg "Trump Media & Technology Group Posts Net Loss in First Quarter as the Truth Social Parent Company Pursues Mergers, Streaming Opportunities from more aaa aa Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 30K times
✓ Published: 22-May-2024
👁 View: 30K times
✓ Published: 22-May-2024
Description:
Trump Media & Technology Group, the parent company of Donald Trump's Truth Social network, reported a net loss of over $300 million and total revenue of more than $770,000 in its first fiscal quarter. DJT shares were relatively flat in post-market trading following the earnings report's release. TMTG also said it signed contracts with a data center partner and hardware vendor to launch Truth Social's TV streaming platform in three phases. CEO Devin Nunes said the company is exploring potential mergers and acquisitions to expand Truth Social and develop its own content delivery network for the TV streaming platform.
Trump Media & Technology Group, the parent company of Donald Trump's Truth Social network, reported a net loss of over $300 million and total revenue of more than $770,000 in its first fiscal quarter. DJT shares were relatively flat in post-market trading following the earnings report's release. TMTG also said it signed contracts with a data center partner and hardware vendor to launch Truth Social's TV streaming platform in three phases. CEO Devin Nunes said the company is exploring potential mergers and acquisitions to expand Truth Social and develop its own content delivery network for the TV streaming platform.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_investing-reimagined-in-an-ai-world.webp "This conversation between investing industry experts looks at how AI will upend the industry and what opportunities it presents for savvy professionals. This conversation took place at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit in April 2024. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_walker-hayes-aa-official-video.webp "WalkerHayesVEVO")
_tzancauraganuofficial-eee-aaa-124-burj-khalifa.webp "Sheik Music")
_john-newman-love-me-again.webp "John Newman")
_bee-gees-stayin39-alive-official-music-video.webp "beegees")
_millions-of-travelers-face-widespread-flight-delays-and-rising-costs-this-memorial-day-weekend.webp "Travelers trying to beat the Memorial Day rush are seeing flight delays and higher prices, with nearly 3 million people expected to pass through airport checkpoints on Friday, which could rival the record set on the Sunday after Thanksgiving last year. Widespread flight delays were reported nationwide on Thursday, especially in the New York City area and Dallas-Fort Worth, but relatively few flights were canceled. AAA estimates nearly 44 million Americans will travel at least 50 miles from home between Thursday and Monday, with 38 million taking road trips. The TSA expects Friday to be the busiest travel day of the holiday weekend as many head out for long weekends.")
⏲ 0:41 👁 43M
_lady-gaga-bad-romance-official-music-video.webp "Lady Gaga")
_investing-reimagined-in-an-ai-world.jpg)
_walker-hayes-aa-official-video.jpg)
_tzancauraganuofficial-eee-aaa-124-burj-khalifa.jpg)
_john-newman-love-me-again.jpg)
_bee-gees-stayin39-alive-official-music-video.jpg)
_millions-of-travelers-face-widespread-flight-delays-and-rising-costs-this-memorial-day-weekend.jpg)
_lady-gaga-bad-romance-official-music-video.jpg)
![[+]](/images/menu.gif){kind=small}