New York (AP) – President Donald Trump’s social parent company Networking Site Truth Social Last year we lost $400 million, and annual revenue fell 12% to $3.6 million.
Trump Media & Technology Group It has been reported The revenue At the end of Friday, we will condemn the loss in revenue sharing agreements with unpublished advertising partners.
After winning US presidential election in November, Trump in December I transferred all his shares – It’s worth about $4 billion on paper – as a “true gift” to Donald J. Trump’s revocable trust. 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 has not reported “traditional key performance indicators” used by other social media companies, including the number of people signed up for the service, citing the “early development phase.” He said. Check out the daily or monthly ads.
Trump Media It has been published Last March Merger with Shell Company It is called Digital World Acquisition Corp. This is what is called a special purpose acquisition company, or SPAC, which can provide younger companies with a faster and easier route to publicly trade stocks.
