Published 9 days ago • loading... • Updated 5 days ago

Trump Media says it lost more than $400 million last year

Trump Media & Technology Group reported a loss of $400.9 million last year and a 12% decline in revenue to $3.6 million.
The company's losses were partly attributed to a revenue-sharing agreement with an undisclosed advertising partner.
After winning the U.S. Presidential election, Donald Trump transferred his shares, valued at around $4 billion, to the Donald J. Trump Revocable Trust.
Trump Media became publicly traded after merging with Digital World Acquisition Corp., a type of special purpose acquisition company.

Insights by Ground AI

Does this summary seem wrong?

40 Articles

All

Left

Center

Right

CBS News

Trump Media says it lost more than $400 million last year while revenue dropped 12%

The parent company of President Donald Trump's social networking site Truth Social says its losses were due to non-cash charges.

5 days ago

Read Full Article

DNyuz

Trump Media Loses More Than $400 Million In 2024

The parent company of Truth Social, President Donald Trump’s social networking platform, reported a loss of $400.9 million last year, with annual revenue dropping 12% to $3.6 million. Trump Media & Technology Group released its earnings late Friday, attributing part of the $400.9 million loss to a revenue-sharing deal with an unnamed advertising partner. After securing victory in the U.S. presidential election in November, Donald Trump transferr…

7 days ago

Read Full Article

The Independent

Trump Media lost more than $400m in 2024

The company also reported a 12 percent decline in annual revenue to $3.6 million, which it blamed on an unnamed advertising partner

7 days ago·London, United Kingdom

Read Full Article

India Today

Trump's Truth Social parent company reports $400.9 million loss amid revenue decline

Trump Media, the parent company of Truth Social, reported a $400.9 million loss in 2023, with revenue dropping 12% to $3.6 million. Trump transferred his $4 billion stake to a family trust in December.

7 days ago·India

Read Full Article

Newsmax

Trump Media Says It Lost More than $400 Million Last Year

The parent company of President Donald Trump's social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

7 days ago·Washington, United States

Read Full Article