SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Reports $400 Million Loss Amid Revenue Decline

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, reported a net loss of $400.9 million for the fiscal year 2024, with annual revenue decreasing by 12% to $3.6 million. The company attributed part of these losses to a revenue-sharing agreement with an undisclosed advertising partner. Following his presidential election victory in November, Donald Trump transferred his shares, valued at approximately $4 billion, to the Donald J. Trump Revocable Trust, with Donald Trump Jr. as the sole trustee. The company, citing its early development stage, does not disclose traditional performance metrics. Trump Media became publicly traded in March 2024 after merging with Digital World Acquisition Corp., a special purpose acquisition company (SPAC).

As of February 18, 2025, Trump Media & Technology Group’s stock (NASDAQ:DJT) is trading at $30.39, reflecting a decrease of $0.29 (0.95%) from the previous close. The company’s market capitalization stands at approximately $6.59 billion.

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About Trump Media & Technology Group

Trump Media & Technology Group Corp. (TMTG) is an American media and technology company headquartered in Sarasota, Florida. It operates Truth Social, a social media platform, and is majority-owned by U.S. President Donald Trump. Founded in 2021, TMTG aims to provide an open, free, and honest global conversation without discrimination against political ideology. The company went public in March 2024 after merging with Digital World Acquisition Corp., a special purpose acquisition company (SPAC).

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