News@lemmy.worldEnglish · 8 days ago

Trump Media reports $400 million in 2024 losses

www.cnbc.com

cross-posted to:
[email protected]

139

Trump Media reports $400 million in 2024 losses

www.cnbc.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 8 days ago

cross-posted to:
[email protected]

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.

KEY POINTS

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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Lettuce eat lettuce@lemmy.ml
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8 days ago
Damn, I guess he really is running the country like his businesses.
- itsonlygeorge@reddthat.com
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  7 days ago
  Into bankruptcy at the fastest possible speed?

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