Trump Media & Technology Group’s $406 Million Loss Puts DJT Stock Back Under the Microscope
Trump Media & Technology Group posted a $405.9 million first-quarter net loss on $871,200 in sales, driven by $244 million in unrealized crypto losses and $108.2 million in investment losses. The company ended March with $2.2 billion in assets, including 9,542 bitcoin and 756 million Cronos tokens. Cash from operations totaled $17.9 million. DJT shares closed at $8.93 Friday, valuing the firm at $2.48 billion.