Truth Social parent company lost $58 million in 2023 ...Middle East

Technology by : (The Hill) -
The parent company of former President Trump’s Truth Social platform lost $58 million in 2023, according to new regulatory filings. Trump Media & Technology Group, which went public last week, generated about $4.1 million in revenue last year, with a little over $750,000 coming in during the fourth quarter, a Securities and Exchange Commission (SEC) filing showed. The company spent roughly $16 million on operating expenses and $39.4 million on interest expenses, according to the filing. Trump Media had a strong stock market debut, with shares rising as high as $79.38 on its first day of trading. By Thursday, the last day of trading for the week before the Easter holiday, the comp

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