Trump Media reports $400 million in 2024 losses

Company Performance - Trump Media & Technology Group reported a 12% decline in revenue year over year, with total revenue of $3.6 million for the year [2][8] - The company's net loss widened significantly to$400.9 million from $58.2 million in 2023 [2] - The stock price of Trump Media, which debuted on Nasdaq under the ticker "DJT," has decreased about 11$6.59 billion [3] Legal and Operational Challenges - The company incurred merger-related legal fees due to obstruction from the Securities and Exchange Commission [4] - A change in a revenue-sharing agreement with an advertising partner led to lower sales, and revenue has varied due to testing a new advertising initiative on the Truth Social platform [4] Strategic Focus and Management - Trump Media management does not prioritize traditional metrics like active users or average revenue per user, believing it could distract from strategic growth evaluation [5] - The company has not held an earnings call since its merger, and a trust where President Trump is the sole beneficiary owns 52% of the voting power of the company's stock [6] Financial Position - Trump Media currently holds $776.8 million in cash, cash equivalents, and short-term investments, with$9.6 million in debt [7] - The company is exploring opportunities for partnerships, mergers, and acquisitions to evolve into a holding company with subsidiaries across various industries [7]