Trump Media says it lost more than $400 million last year

[Omaha Steve]

Source: AP

By THE ASSOCIATED PRESS
Updated 11:40 AM CST, February 15, 2025

NEW YORK (AP) — The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

Trump Media & Technology Group reported its earnings late Friday, blaming the losses in part on a revenue-sharing agreement with an undisclosed advertising partner.

After winning the U.S. presidential election in November, Trump in December transferred all of his shares — worth around $4 billion on paper — as a “bona fide gift” to the Donald J. Trump Revocable Trust. Trump’s shares amounted to more than half of the company’s stock.

Donald Trump Jr., the oldest of the president’s five children, is the sole trustee and has sole voting and investment power over all securities owned by the trust.

Read more: https://apnews.com/article/trump-media-truth-social-losses-c879294edc8d0297446a3a2f5499b8e3

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[livetohike]

1. Great business minds. (Sarcasm) N/t

[John1956PA]

2. I think the reported figures are doubtful.

It could be the corporate structures of the companies involved with Truth Social amount to little more than players in a shell game which serves to exploit tax loopholes.

If the total annual revenue of Truth Social was about $4M before last year, it does not seem that a twelve percent drop in revenue last year was that substantial.

Moreover, how can there have been an annual loss last year on the magnitude of $400M? What kind of needs to keep the platform going require such costs?

The unnamed company which provides advertising services (and which reportedly received large payments from Truth Social last year) is probably another of Trump's companies which is a participant in this corporate shell game.

[moniss]

3. They may have engaged in taking out "loans"

from dubious sources and funneling the laundered money into the pockets of various people including Crumb The 1st himself. So on the books a company with little revenue from operations can reflect a massive "loss" etc. All accounting gimmickry, shameless lies and money laundering. These "loans" are never intended to be paid back and the sources for those loans are fronts for illegal businesses like drugs and human trafficking. So whether they wash the illicit cash (after all drugs and trafficking are done on a cash basis) through sham real estate deals or through sham corporations like Truth Social and using willing depository institutions around the world to be in the middle of such activity.