According to Bloomberg, Trump Media & Technology Group reported a loss of approximately $55 million in its quarterly report at the end of September, more than doubling the $19 million loss recorded during the same period last year. The company has yet to achieve profitability since its initial public offering, with net sales for the quarter amounting to less than $1 million, slightly down from the same period last year. As of the end of September, Trump Media held approximately $3.1 billion in assets, including about $1.5 billion in digital assets ($1.3 billion in Bitcoin and $147 million in Cronos). https://t.co/efzRVhEDlN
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.