LND
businessconservative

Trump's New Media Venture: A Look at TMTG and Don Jr.

USAFriday, December 20, 2024
Advertisement
Ever heard of Trump Media and Technology Group, or TMTG? It's a company that's been making headlines lately, especially with the former president's son, Don Jr. , taking over. But what's the story behind it? The former president handed over a significant chunk of his shares, about 59% or 114. 75 million, to a trust. This is a big deal because the company's value is closely linked to the former president. Now, let's talk numbers. TMTG isn't exactly rolling in cash yet. They made around $1 million in the third quarter of 2024, but they spent more than that. This left them with a net loss of $19. 2 million. Plus, they only have 8 million users. That's tiny compared to other media platforms. So, what's next for TMTG? That's the million-dollar question for those considering investing in the stock.
technology grouptrump mediadon jr

Continue Reading...

Billionaires' Panic and the Giving Pledge: A Closer LookTeen Pregnancy: A Closer Look at Brazil's Mixed ProgressTennessee's Election: A Wake-Up Call for the GOPHow Schools Can Boost Grades Without More BooksSarasota's Weather: Chilly Nights, Sunny Days AheadUnderstanding How Brains Age: A Closer Look at ELSA-Brasil's Study

Actions

flag content