Trump Media lost more than $300 million last quarter on very little revenue

- Trump Media & Technology Group, majority owned by former President Donald Trump, lost over $300 million in the first quarter with minimal revenue - The company attributed the losses to non-cash expenses and one-time payments related to a merger - Despite the losses, Trump Media stated it has sufficient cash to fund the business for the foreseeable future and is open to potential mergers and acquisitions - Truth Social, the social network owned by Trump Media, remains a small player in social media with just 113,000 average daily active users in the US - Experts have raised concerns about the company's high valuation compared to its financial results - Trump Media's stock price has faced scrutiny for not aligning with the company's performance in the market

Summarized top reddit comments: - Media company lost over $300 million last quarter with very little revenue - Speculation that company is used for money laundering - Stock price went up despite financial losses - Company has $6.5 billion market cap - Company generated just $770,500 in revenue - Company only has 36 employees