Trump Media reports $400 million in 2024 losses
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Trump Media & Technology Group reported a $400.9 million net loss for 2024, citing legal fees and a revenue-sharing agreement as key factors.
February 15, 2025 | 12:30 am
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Trump Media & Technology Group, associated with Digital World Acquisition Corp (DWAC), reported a $400.9 million net loss for 2024. The loss was attributed to legal fees and a revenue-sharing agreement.
The significant net loss reported by Trump Media & Technology Group, which is associated with DWAC, is likely to negatively impact DWAC's stock price. The loss is due to legal fees and a revenue-sharing agreement, both of which are substantial financial burdens.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80