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theguardian.com

TMTG's Financial Losses and Future Plans

Trump Media & Technology Group's financial results and stock market performance, along with the future plans for the company.

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English

United Kingdom

PoliticsTechnologyUs PoliticsSocial MediaStock MarketFinance

Trump Media & Technology Group (Tmtg)Truth SocialMetaTiktokX

Donald TrumpDevin NunesElon Musk

What are TMTG's plans for future growth and expansion?: TMTG CEO Devin Nunes highlighted the company's growth and plans for expansion into streaming and potential mergers and acquisitions.
How did the stock price of TMTG behave during the election period?: The company's stock price experienced significant volatility during the election, with trading halted multiple times due to large price swings.
How does Truth Social compare in size to other major social media platforms?: Truth Social, TMTG's social media platform, has a relatively small user base compared to major competitors like Facebook, Instagram, TikTok, and X (formerly Twitter).
What were the financial results of Trump Media & Technology Group in the third quarter of 2024?: Trump Media & Technology Group (TMTG), parent company of Truth Social, reported a net loss of \$19.2 million in the third quarter of 2024, despite a recent surge in its stock price.
What is the current market valuation of TMTG, and what is the approximate worth of Trump's stake?: TMTG's market valuation is \$6.8 billion, with Trump holding a majority stake worth nearly \$3.9 billion, despite its relatively small revenue and substantial losses.

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