New York (AP) – The parent company of President Donald Trump's social company Social truth communication site She says she lost $ 400.9 million last year and her annual revenues fell by 12 % to $ 3.6 million.
Trump Group Media and Technology I mentioned Its profits Late Friday, blaming the losses in part in the revenue participation agreement with an unveiled advertising partner.
After winning the US presidential elections in November, Trump in December Transfer all shares – About $ 4 billion on paper – as a “good -intentioned gift” to Donald J. Trump Trust Trust. Trump's shares amounted to more than half of the company's shares.
Donald Trump Junior, the oldest president, is the only guardian and has the only investment vote on all confidence -owned securities.
Trump created the social truth after being banned from Twitter and Facebook after January 6, 2021, Capitol Riot.
Quoting the “early development phase”, the parent company in Sarasota, Florida, said that it does not report “traditional main performance indicators” that other social media companies use, such as the number of people who participated in the service, and their use on a daily or monthly basis or see their ads .
Trump is the media Public circulation has become Last March yet Integration with Shell It is called Digital World Acquisition Corp. And an example of the so -called special purposes, or SPAC, which can give young companies faster and easier ways to circulate their shares publicly.
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