New Delhi, May 10 -- Trump Media & Technology Group Corp. on Friday posted a net loss of USD 405.8 million for the quarter ended March 31, compared to a USD 31.7 million loss in the same period last year, impacted primarily by unrealized losses on digital assets. The company's Net sales rose modestly to a little over USD 871,000 from over USD 821,000 a year earlier.

Trump Media & Technology Group Corp is the parent company of the social media platform Truth Social, owned by the US President Donald Trump.

The sharp increase in losses was largely attributable to a USD 244.0 million unrealized loss on digital assets and digital assets pledged, a new line item for the quarter with no comparable expense in same quarter a year ago. The compan...