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Truth Social Parent Trump Media Posts Q1 Net Loss of $31.7 Million on Net Sales of $821,000, Ends Quarter With $759 Million in Cash and Investments
Trump Media & Technology Group, majority-owned by President Trump that operates Truth Social, reported earnings for the first quarter of 2025.
President Trump has 9.71 million followers on Truth Social, which he uses to make major announcements as well as to post rants and memes (like an image of himself dressed as the pope). “Trump Media believes its robust and uncancellable infrastructure, expanding range of services, and strong balance sheet that includes $759.0 million of cash and investments strongly positions the Company to begin implementing monetization plans on its platforms, fully launch Truth.Fi financial products, and continue pursuing new assets and/or partnerships, including via potential mergers and acquisitions,” TMTG said in the Q1 earnings press release. The mission of Trump Media is “to end Big Tech’s assault on free speech by opening up the internet and giving people their voices back,” the company says.
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