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International Business Times

Litty Simon

Trump Media Loses More Than $400 Million In 2024

Donald Trump Trump Media Donald Trump Jr. United States Digital World Acquisition Corp Truth Social

The parent company of Truth Social, President Donald Trump's social networking platform, reported a loss of $400.9 million last year, with annual revenue dropping 12% to $3.6 million.

Trump Media & Technology Group released its earnings late Friday, attributing part of the $400.9 million loss to a revenue-sharing deal with an unnamed advertising partner.

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