Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Stop Funding Hate Reports Another Loss-Making Year as UN Partnership Flops https://t.co/Ywmr1YP0eI https://t.co/7S9sWGMSyw
The owner of President Donald Trump's social media platform attributed its widening losses in part to rising legal costs from the Biden-era SEC's investigations of the merger that took the company public, according to a statement. https://t.co/gldLEh1AYd
Trump Media says it lost more than $400 million last year. https://t.co/DhpxOFLsvn
Trump Media and Technology Group, the parent company of President Donald Trump's social networking site Truth Social, reported a loss of $400.9 million for the previous year. The company also indicated a 12% decline in annual revenue, which totaled $3.6 million. The widening losses have been partly attributed to increased legal costs stemming from investigations by the Securities and Exchange Commission (SEC) related to the merger that took the company public. The financial struggles come amid ongoing challenges for the platform, including a failed partnership with the United Nations.
