Trump Media Losses Surge as It Hands Staff $107 Million in Stock
The company used $61 million in cash for its operating activities, and the majority of the overall net loss stemmed from a change in the value of a derivative liability.
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Trump Media & Technology Group Corp. rewarded employees with more than $107 million in stock last year as revenue declined and it posted a $401 million loss.
The company, which runs Truth Social, ended December with 29 full-time staff, according to an annual report posted after markets closed Friday. Revenue slipped more than 12% to $3.6 million while its annual loss swelled more than six-fold.