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

Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. Experts like Cordell Eminent Scholar Jay Ritter have said the price tag on Trump Media stock defies logic given the company’s financial results and small footprint in social media.

Read Ritter’s insights in this story from CNN.