News@lemmy.worldEnglish · 7 days ago

Trump Media reports $400 million in 2024 losses

www.cnbc.com

cross-posted to:
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Trump Media reports $400 million in 2024 losses

www.cnbc.com

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News@lemmy.worldEnglish · 7 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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7 days ago
Let’s see if his stock goes up. Because it would fit all logic /s

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