Trump Media losses surge as it hands staff $107 million in stock

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Trump Media losses surge as it hands staff $107 million in stock

//business-finance.news-articles.net/content/202 .. urge-as-it-hands-staff-107-million-in-stock.html

Published in Business and Finance on Wednesday, April 30th 2025 at 11:00 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Revenue slipped more than 12% to $3.6 million while its annual loss swelled more than six-fold.

Trump Media & Technology Group, the parent company of Truth Social, reported a significant financial loss of $58.2 million in 2024, despite generating only $4.1 million in revenue, as disclosed in a recent SEC filing. The company's operating expenses surged to $16.7 million, largely due to the costs associated with becoming a public entity and employee stock awards. Despite these financial challenges, Trump Media remains optimistic about its future, citing plans to expand its user base and enhance its platform's features. The company's performance is under scrutiny as it navigates the competitive social media landscape and seeks to establish a sustainable business model.

Read the Full Fortune Article at:
[ https://fortune.com/2025/02/15/trump-media-loss-revenue-2024-employee-stock-awards-truth-social/ ]

DIY Woodworking

Announcing The World''s Largest Collection of 16,000 Woodworking Plans

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Trump Media losses surge as it hands staff $107 million in stock

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