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  • The Independent

    How much are Truth Social’s executives making after Trump Media lost millions?

    by Oliver O'Connell Apr 09, 2024 6 minutes
    Source: EPA

    Trump Media & Technology Group has generated few positive headlines since its value initially soared when it started trading on the tech-focused Nasdaq under the stock ticker symbol of DJT — former president Donald Trump’s initials.

    Barely two weeks after the merger with shell company Digital World Acquisition Corp (DWAC) that saw the new entity go public, the parent company of social media platform Truth Social has seen its shares tank and has been steadily declining in value, on some days by around five per cent.

    At the root of this were filings with the Securities & Exchange Commission in which the company posted a loss of $58.2m in 2023 with revenue at just $4.1m despite being valued as worth billions of dollars. The company has been described as the latest “meme stock” given the disconnect between its finances and perceived worth by some trading in its shares.

    While the firm has big ambitions about competing with the likes of Meta, X, and Alphabet in

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