Parent company of president’s Truth Social platform generated only $870,000 even as net sales were up 6%
The parent company of Donald Trump’s Truth Social platform – one of the president’s preferred communications channels – lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings.
The Trump Media and Technology Group’s quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments.
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Source link : https://www.theguardian.com/us-news/2026/may/09/trump-media-and-technology-group-loses-406m-first-quarter-2026
Author : Edward Helmore
Publish date : 2026-05-09 14:29:00
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