Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

AI Summary

Trump Media has reported a significant widening of its Q1 losses to $406 million, primarily due to markdowns related to bitcoin and other factors. This financial report comes amidst ongoing challenges for the media company.

Trump Media reported a Q1 net loss of $405.9 million on $871,200 in revenue, widening significantly from $31.7 million a year earlier.