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

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 werefilings 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 the social media space, and further ideas to move beyond that into other online businesses, with just 36 employees and paltry revenue, these currently seem more of a dream.

The SEC filing also revealed the compensation packages and shareholdings of top executives in the firm — some of whom are familiar faces from Trumpworld — as well as those of the former president himself.

Here’s what we learned about how much each of them stands to gain now that both the merger and market launch are complete, even with the share price falling.

Donald Trump

The former president and current Republican presidential candidate is not just the reason Truth Social exists — having been conceived after he was banned from other social media platforms following the January 6 Capitol riot — but

Read more on independent.co.uk