Trump Media is equivalent to its employees with 107 million dollars despite its losses

Last year, Trump Media & Technology Group Corp has its employees with over $ 107 million, despite the revenue dropping and registration of $ 401 million. The company, which runs the ‘Truth Social’ platform, ended December with 29 full -time employees, according to an annual report published on Friday after closing the markets. Revenue has dropped by more than 12% to $ 3.6 million, while annual losses have been multiplied by more than six times. These results led to increasing the cumulative deficit of the project to $ 2.9 billion. Trump Media was established in March by a merger with a special procurement business, and former company president Donald Trump is the biggest contributor to it, as his share is held in a credit fund managed by his son Donald Trump, the boy. Also read: Trump transports his part of the media company to a box run by his son, and despite the losses, the company’s shares are traded as ‘M.’ known as ‘M.’ Shares, which move independently of the basic financial results. Last year, the share price almost doubled, with Trump’s success, the fiftieth president of the United States, in its campaign to restore the White House. The company used $ 61 million in cash in its operating activities, while most of the net losses are caused by a change in the value of financial derivative obligations. The value of Trump’s share in the company amounts to $ 3.5 billion on Friday.