An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing. Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.
It said it would be 'premature' to predict when it will attain profitability and positive cash flows from its operations. It said it would need bridge funding of between $5 million and $60 million. Trump Media went public last week and gave the former president a paper net worth of around $7 billion. However, Trump is barred from selling the shares he owns in the company for six months.
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Fonte: NBCNews - 🏆 10. / 86 Leggi di più »