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

USAFriday, December 20, 2024

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.

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