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Trump's media technology company's financial report is out again, and the numbers are a bit eye-catching.
In the third quarter, the direct loss was 55 million dollars, compared to a loss of 19 million during the same period last year, more than doubling the extent of the loss. Even more embarrassing is that the company has not made any profit since going public, with this quarter's sales being less than 1 million — yes, you read that right, that's six figures, slightly lower than the same period last year.
The cash sitting on the account at the end of September... oh wait, the original text was cut off here. But from these data, the burn rate is indeed alarming. On one hand, sales are still hovering at the million level, while on the other hand, losses have surged to the fifty million level. If this were an ordinary startup, investors would have already thrown their cups.