_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 falcon trading company ca 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
_traders-brace-for-major-swing-in-nvidia-stock-ahead-of-earnings-report-92.webp "Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7% swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&P 500 companies.")
_falcon-trading-systems-unlock-limitless-possibilities.webp "Falcon Trading Computers")
_falcon-trading-computers-on-the-economic-report.webp "Falcon Trading Systems")
_falcon-trading-systems.webp "FXTradeDesk")
_christmas-happiness-falcon-trading-company.webp "Sathya Raj")
_why-ticketmaster-owner-live-nation39s-shares-are-tumbling-today.webp "Live Nation Entertainment shares are trading lower on Thursday as the company faces a legal challenge after the U.S. Department of Justice and several states prepare to file an antitrust lawsuit against the entertainment giant over its control of concert ticket sales.")
_how-i-make-r6000-only-using-key-levels124falcon-breakdown-part-1.webp "PoplicatorFx")
_traders-brace-for-major-swing-in-nvidia-stock-ahead-of-earnings-report-92.jpg)
_falcon-trading-systems-unlock-limitless-possibilities.jpg)
_falcon-trading-computers-on-the-economic-report.jpg)
_falcon-trading-systems.jpg)
_christmas-happiness-falcon-trading-company.jpg)
_why-ticketmaster-owner-live-nation39s-shares-are-tumbling-today.jpg)
_how-i-make-r6000-only-using-key-levels124falcon-breakdown-part-1.jpg)
![[+]](/images/menu.gif){kind=small}