Independent, UK - Trump Media and Technology Group, the parent company of the president’s social media platform Truth Social, reportedly lost more than $400 million in 2024. The company also reported a 12 percent decline in annual revenue to $3.6 million, which it blamed on an unnamed advertising partner according to the the latest earnings report, which was filed on Friday.
As well as the president’s online soapbox, TMTG, whose mission is “to end Big Tech’s assault on free speech,” also owns streaming platform Truth+ and plans to launch Truth.Fi, “a financial services and FinTech brand incorporating America First investment vehicles.”
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