DJT stock flat after the Truth Social firm reports Q1 loss of $405.9M
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DJT reported a Q1 loss of $405.9 million, primarily due to $368.7 million in unrealized losses on digital assets. Despite this, the company achieved positive operating cash flow of $17.9 million and a slight revenue increase to $0.9 million. DJT's total assets surged to $2.1 billion, up from $759 million a year prior. The firm is pursuing a merger with TAE Technologies and considering a spin-off of Truth Social. Stock sentiment remains bullish, although DJT has seen a 33% decline year-to-date.
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