Trump Media and Technology Group, the parent company of Trump’s social networking site Truth Social, said it lost $409.9 million last year, but its annual revenue fell 12% to $3.6 million.
Trump Media & Technology Group, which reported revenue late Friday, reported annual losses include $107.4 million in stock-based compensation and $225.9 million accounting losses related to changes in fair value of derivative liability. It said it was due to non-cash claims.
The company trading under the Ticker DJT says it has the same initials as Trump, but the “significant portion” of its revenue decline was caused by a change in revenue sharing agreements with advertising partners. I’ve said that. .
Over the past few months, Trump Media has deployed streaming services and applied for trade-marks for exchange sales funds, a kind of investment fund, and individually managed accounts. Trump Media CEO Devin Nunes said the goal is to provide investment vehicles focused on American energy and manufacturing companies and “competitive alternative to the issues of awakening funds and disengagement across the market.” It said it is an alternative.
Trump has debuted other business lines in recent months, deploying him and her. Meme Coin – $ Trump and $ Melania Coin – Last month. He recently announced the Trump brand. perfume and clock.
DJT Stock Transfer
After winning the US presidential election in November, Trump in December made a “true gift” to Donald J. Trump’s revocable trust, and made all his shares (approximately $4 billion worth of paper) The company moved as a gift. Trump’s shares reached more than half of the company’s shares.
Donald Trump Jr., the oldest of the president’s five children, is the sole trustee and has the sole voting and investment power over all securities owned by the trust.
Trump created a society of truth after being banned from Twitter and Facebook following the Capitol riots on January 6, 2021.
The Sarasota, Florida-based parent company cites its “early development phase” and reports “traditional key performance indicators” used by other social media companies, including the number of people signed up for the service. He said that it wasn’t. Check out the daily or monthly ads.
DJT shares fell 28 cents (0.9%) to $30.39 on Friday. The stock market is like that Closed President’s Day.
