_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 lazada sale center 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: 15K times
✓ Published: 22-May-2024
👁 View: 15K 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
Related Videos
_china-vital-partner-for-malaysia39s-telco-and-digital-economy-development-says-teo.webp "China, Malaysia's largest trading partner for the past 15 years, is vital in the development of the country's telecommunications and digital economy.<br/><br/>Deputy Communications Minister Teo Nie Ching said Malaysia and China have complementary strengths in the telecommunications and digital economy, allowing both sides to collaborate and create new opportunities for businesses and consumers.<br/><br/>Read more at https://shorturl.at/diakl<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_hsbc-shares-drop-3-in-hong-kong-amid-reports-of-ping-an-insurance-considering-stake-reduction.webp "Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.")
⏲ 0:39 👁 615K
_elvis-presleys-graceland-home-sale-has-been-halted-by-a-judge-after-the-singers-family-branded-it-39fraudulent39.webp "After the late singer’s family declared it was “fraudulent”, the planned auction of Elvis Presley’s iconic Graceland mansion has been stopped by a judge.")
⏲ 1:53 👁 110K
_daycare-center-mistreatment-gets-exposed-dhar-mann.webp "Daycare Center Mistreatment Gets Exposed - Dhar Mann")
_home-prices-dip-as-homebuyers-show-dwindling-interest.webp "Home Prices Dip , as Homebuyers Show , Dwindling Interest.<br/>'Newsweek' reports that home sellers <br/>have started to cut prices in an effort <br/>to attract buyers amid lagging demand.<br/>According to a recent analysis by Zillow, <br/>price reductions increased by more than 22%, <br/>reaching the highest rate in the last six years.<br/>Zillow suggests that the price cuts <br/>could indicate dwindling demand.<br/>Price cuts can be a sign <br/>of weakening demand <br/>that foretells softer <br/>price growth ahead, Skylar Olsen, chief economist of Zillow, via 'Newsweek'.<br/>Potential homebuyers may start to see <br/>a market with more options, with the <br/>supply of homes jumping 6.4% in April. .<br/>On an annual basis, the supply of <br/>properties on the market skyrocketed 18%.<br/>According to Skylar Olsen, the chief economist <br/>of Zillow, this represents the \")
_furiosa-a-mad-max-saga-124-trailer-tickets-on-sale-now.webp "Snatched from the Green Place of Many Mothers, young Furiosa finds herself caught in the crossfire between two tyrannical warlords.")
_practice-daughter-episode-3-english-sub.webp "Practice Daughter - Episode 3 English SUB")
_rio39s-transport-exhibits-take-center-stage-at-national-museum39s-100th-anniversary.webp "Brazil's National Historical Museum, which is celebrating its 100th anniversary, is presenting a special exhibit tracing Rio de Janeiro's transformation in transportation over its 200 years as the country's capital city. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_china-vital-partner-for-malaysia39s-telco-and-digital-economy-development-says-teo.jpg)
_hsbc-shares-drop-3-in-hong-kong-amid-reports-of-ping-an-insurance-considering-stake-reduction.jpg)
_elvis-presleys-graceland-home-sale-has-been-halted-by-a-judge-after-the-singers-family-branded-it-39fraudulent39.jpg)
_daycare-center-mistreatment-gets-exposed-dhar-mann.jpg)
_home-prices-dip-as-homebuyers-show-dwindling-interest.jpg)
_furiosa-a-mad-max-saga-124-trailer-tickets-on-sale-now.jpg)
_practice-daughter-episode-3-english-sub.jpg)
_rio39s-transport-exhibits-take-center-stage-at-national-museum39s-100th-anniversary.jpg)
❮❯
1 / 10
2 / 10
Play 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!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}