Trump Media Faces $320 Million Loss Amid Volatile Future

The company behind Truth Social struggles with low revenue, legal challenges, and dependence on Trump's brand.

Trump Media & Technology Group, the parent company of Truth Social, reported a loss exceeding $320 million in the first quarter of 2024.
Despite initial success, Truth Social's revenue remains low, generating only $770,000 in the first three months of the year.
Donald Trump's financial future is heavily tied to Trump Media, which has a volatile stock price and limited user base.
The company has faced significant legal and regulatory challenges, including an SEC investigation and insider trading inquiries.
Trump Media's market valuation exceeds $7 billion, but its long-term viability remains uncertain.