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  • 14 hours ago
Trump Media reported $2.2 billion in assets and positive operating cash flow, but posted a $405.9 million Q1 loss on just $0.9 million in revenue.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump Media reported total assets of $2.2 billion and $17.9 million in cash provided by operating
00:10activities on Friday, according to Benzinga. The company reported a first quarter loss of $1.47
00:16per share on revenue of $0.9 million, with a net loss of $405.9 million that it attributed
00:24largely to non-cash losses. Trump Media said it continues expanding Truth Social and Truth Plus
00:31while pursuing a prospective merger with TAE Technologies. Trump Media is a media and
00:36technology company focused on social media, digital streaming, and information technology
00:42infrastructure, including its Truth Social platform. Shares were down by 1.44% at $8.89 in
00:50Monday's pre-market trading, according to data from Benzinga Pro. For all things money, visit
00:55Benzinga.com.
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