Trump Media & Technology Group, the company behind Truth Social, reported major financial losses despite its high profile.
In 2024, the company posted a $400.9 million net loss while generating only $3.6 million in revenue, with sales dropping about 12% from the previous year.
Much of the loss came from legal costs tied to its SPAC merger, high administrative expenses, and over $100 million in stock-based compensation.
Despite this, the company ended the year with about $777 million in cash and investments. It plans to expand with a streaming service called Truth+ and a fintech brand named Truth.Fi.
However, continued losses in 2025 raise questions about the company’s long-term business model.
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