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President Donald Trump’s social networking site Truth Social’s original company says it lost $ 400.9 million last year and its annual revenue fell by 12% to $ 3.6 million.
Donald Trump’s social networking site Truth Social said that he had lost $ 400.9 million last year. (Courtesy: AP)
President Donald Trump’s social networking site Truth Social’s original company says it lost $ 400.9 million last year and its annual revenue fell by 12% to $ 3.6 million.
The Trump Media and Technology Group reported its earnings late on Friday night, convicting the loss on a revenue-sharing agreement with an unknown advertising partner.
After winning the US presidential election in November, Trump transferred all his shares in December – a value of about 4 billion dollars on paper – Donald J. The Trump Revolutionary Trust to the “Sow Fid Gift”. Trump’s shares gave more than half an amount. Company stock.
Donald Trump Junior, the oldest among the five children’s children, is the only trustee and the only voting and investment power on all the securities owned by the trust.
Trump made the truth social after being banned from Twitter and Facebook after a capital riot on 6 January 2021.
Citing the “early development phase” of the original company located in Sarsota, Florida, it said that it does not report the “traditional major performance indicators” used by other social media companies, such as how many people have served service Sign up for, use it. See daily or monthly basis.
After a merger with a shell company named Digital World Aquisition Corp, Trump Media did publicly traded in the last March, which is called a special objective acquisition company, or SPAC, which faster young companies to trade publicly And can give easy route.
(This story has not been edited by News18 employees and a syndicated news agency has been published from feed – associated Press,
- Place :
Washington DC, United States (USA)
