Trump Media reported a loss of about $320 million, including $311.0 million in non-cash expenses from the conversion of promissory notes before the merger completed on March 25.
Despite the significant loss, the company stated it has just under $274 million in cash and cash equivalents to fund activities for the foreseeable future.
CEO Denin Nunes emphasized the company's positive working capital, allowing them to explore various initiatives like mergers and acquisitions to build out Truth Social.
#trump-media--technology-group-corp #truth-social #financial-performance #revenue-generation #expansion-strategy
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