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International Business Times
International Business Times
Business
AFP News

Parent Company Of Trump's Truth Social Posts $328M Loss

Truth Social Donald Trump TMTG Trump Media and Technology Group Devin Nunes United States
Former US president Donald Trump saw the value of the parent company behind his Truth Social media platform drop after it began trading publicly (Credit: AFP)

Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday.

TMTG, which recently went public, posted a net loss of $327.6 million from January to March, compared with $210,300 in net losses for the same period last year, according to a company statement.

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