This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.
Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission.
"We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes added.
In April, the company announced that Truth Social would launch a TV streaming platform in three phases, the first for Android, iOS, and Web.
In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment.
Persons:
Donald Trump, Donald Trump's, Devin Nunes, Nunes, TMTG
Organizations:
Trump Media & Technology Group, Securities and Exchange Commission, Nasdaq, Android, SEC, BF
Locations:
Washington ,