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(Reuters) -Trump Media and Technology Group plan to conduct potential combinations and procurement.
The company continues “hunting for high quality assets”, CEO Devin Nunes, said in a letter to shareholders.
Trump Media, the truth, the Social Stream and Social Media Platform, said that the result has become a larger holding company for numerous products and services, he said.
The company said in April that this was a number of expansion agreements, which inspected retail investment products, including Crypto, including government ethics.
The first quarter ended with $ 759 million in cash, cash equivalent and short-term investments. At that time, the total liabilities were $ 27.2 million.
“This liquidity will allow the existing platforms to expand existing platforms and financial services, including potential combination and purchase, including potential combinations and purchases, along with low-operating costs and low-operating costs and less money.
In three months, which ended on March 31, March 31, the net sales of Trump media increased by 6% to $ 8.2 million. During this period, the net loss decreased to $ 31.7 million.
Trump Media Shares changed less in extended trade.
(Report by Arsheen Bajwa in Bengaluru; Edit Anil D’Silva)
