Truth Social owner sees wider loss in the first quarter-February 2024-www.financetom.com

Truth Social owner sees wider loss in the first quarter

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Truth Social owner sees wider loss in the first quarter

May 20, 2024 2:13 PM

(Reuters) - Trump Media and Technology Group ( DJT ), the operator of the social media app Truth Social, saw a wider loss in the first quarter due to certain non-cash expenses it incurred prior to closing its merger with a blank-check company.

Net loss for the three months ended March 31 was $327.6 million, the company said on Monday, compared to $210,300 the year before.

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