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News@lemmy.worldEnglish · 8 days ago

Trump Media reports $400 million in 2024 losses

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Trump Media reports $400 million in 2024 losses

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News@lemmy.worldEnglish · 8 days ago

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cross-posted to:
technology@lemmit.online

Trump Media & Technology Group is worth almost $7 billion, but the company generated less than $4 million in revenue in 2024, according to a new filing.

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Trump Media & Technology Group reported a $400.9 million net loss for the full year.
The company claimed it had to pay legal fees stemming from obstruction at the Biden-era Securities and Exchange Commission, and a revenue-sharing agreement negatively impacted revenue.

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disguy_ovahea@lemmy.world
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8 days ago
The media needs to stop pretending. The world knows he took it public to launder illegal campaign contributions.

https://www.forbes.com/sites/tylerroush/2024/12/20/truth-social-parents-stock-drop-6-after-donald-trump-moves-his-4-billion-stake-to-a-trust/

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