The Trump Media & Technology Group Corp. rewarded employees with over $107 million in stock last year, despite posting a massive loss of $401 million. The company, which runs Truth Social, had only 29 full-time staff at the end of December and saw its revenue decline by over 12% to $3.6 million. This drop led to a significant increase in the company’s accumulated deficit to $2.9 billion. President Donald J. Trump is the largest shareholder, with a stake worth $3.5 billion.
The company’s shares have been volatile, trading like “meme stocks” that move independently of financial results. The value of these shares increased significantly last year, largely due to Trump’s successful presidential campaign. The majority of the company’s net loss came from changes in the value of a derivative liability.
Source: https://fortune.com/2025/02/15/trump-media-loss-revenue-2024-employee-stock-awards-truth-social