
Trump Media, valued at $7 billion, booked less than $1 million in first-quarter sales
CBSN
Trump Media & Technology Group, a startup majority-owned by former President Donald Trump that is valued at nearly $7 billion after going public in March, said it booked $770,500 in revenue during the first quarter, down from $1.1 million during the year-ago period.
The company, whose main asset is the social media network Truth Social, also reported losing $327.6 million during the first three months of 2024 due largely to a charge for a financial transaction, according to a Monday regulatory filing. That compares with its year-earlier loss of $210,000.
The report offers a glimpse into the finances of the newly public company, which says its mission is to provide an alternative to Facebook and other social media platforms. Since going public, Trump Media — whose shares trade under the ticker DJT, the same as former President Donald Trump's initials — have had a wild ride, sinking in its first few weeks of trading before rebounding to reach its current market capitalization.

Clashes between federal agents and protesters in Los Angeles escalated Sunday as the demonstrations against immigration detention operations stretched into their third day and National Guard troops began arriving in the city under orders from President Trump. Here's a timeline of how the protests unfolded in multiple locations around L.A.