Truth Social

[taiwan_girl]

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

Trump Media & Technology Group reported its earnings late Friday, blaming the losses in part on a revenue-sharing agreement with an undisclosed advertising partner.

https://apnews.com/article/trump-media-truth-social-losses-c879294edc8d0297446a3a2f5499b8e3

[jon-nyc]

They’ll make it up through volume.

[jon-nyc]

That’s what the average Chik-Fik-A brings in in 4 months. But without the $400MM loss.

[Rich]

I wonder what the heck the $400 million in expenses is?

For the amount of legit traffic, maybe they could just switch to 'tap a talk' I bet klaus could get them up and running for half that.

[jon-nyc]

You would think the crypto grifters and all kinds of maga grifters would advertise there. How do they only have $3.6MM in revenue?

[Axtremus]

They need the DOGE.

[taiwan_girl]

https://www.forbes.com/sites/zacheverson/2025/02/25/trump-media-truth-social-donald-trump-jr-board-meetings-revenue/

Donald Trump Jr. made $813,000 in 2024 as a director of Trump Media & Technology Group—roughly a quarter of the company’s annual revenue—despite attending just two of the board’s five meetings, according to a filing made with the Securities and Exchange Commission on Friday.

and

Trump Jr. has served on Trump Media’s board since at least May 2022, according to an SEC filing. He does not appear to have owned any shares until January 2025, but now holds 26,000 outright and, as the sole trustee of his father’s revocable trust, oversees a stake that gives him control of 52% of the company’s stock.

Trump Media lost $401 million in 2024, with revenue of $3.6 million.

[jon-nyc]

Art of the Deal

Remember Truth Social brings in less revenue than the average Chik-Fil-A.

The average chik-fil-a manager makes 56k a year.

[taiwan_girl]

[jon-nyc]

Seems low to me but a lot of them are in pretty inexpensive places to live.

But it was ChatGPT’s answer, could be wrong.

[taiwan_girl]

Could be. I looked and revenue per store is about USD$9MM/year. USD$9MM company with maybe 50 employees. I would think pay would be USD$100K. Of course, they are not making the same decision as someone running a "stand a lone" $9MM company, so maybe it is lower. LOL.

Just did more internet search and I think your number is closer to the truth.

[jon-nyc]

Could also be an average of everyone with ‘manage’ in their title, including shit managers, assistant managers, etc.

[Horace]

9M in revenue for a low margin business doesn't leave much room for salaries.

[jon-nyc]

Thought experiment.

Imagine Biden had had a business that had 3.5MM in revenue and paid Adam Schiff 47MM.

Do you think the usual suspects would have all kinds of theories about how the Chinese or Soros or somebody was using this as a payola mechanism?

[89th]

MAGA wouldn’t have even needed that much evidence to run on. The hypocrisy this time around is almost hard to calculate.

[Doctor Phibes]

My team brings in roughly that in a year, and I earn less than half of what Nunes gets.

[jon-nyc]

@89th said in Truth Social:

MAGA wouldn’t have even needed that much evidence to run on. The hypocrisy this time around is almost hard to calculate.

Though, in fairness, hypocrisy requires one to have principles by which they’re attempting to live. So many of these guys wouldn’t qualify.

[LuFins Dad]

Oddly enough, they show a net income of $400M. Did they sell assets last year?

[jon-nyc]

That was their net loss. Maybe you missed parentheses or a minus sign.