US EditionTrump 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.
40 Articles
40 Articles
Trump Media reported losses of more than 400 mdd
New York., Trump Media and Technology Group (TMTG), President Donald Trump's social network parent company, Truth Social, reported losses of $400.9 million last year and reported that its annual revenues fell 12 percent annually to $3.6 million.
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…
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.
Coverage Details
Bias Distribution
- 47% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
