Trump Media swings to quarterly profit; Truth API boosts revenue
Truth API subscriptions and cryptocurrency gains drove the company’s $409.7 million quarterly profit, while revenue rose 205% to $3.0 million.
- On Nov 9, Trump Media swung to a third-quarter profit, with revenue soaring 205 per cent to $3.0 million, driven by growth in its Truth API data-licensing business.
- Launched earlier this year, Truth API and Truth Social together generated $1.8 million in subscription revenue, accounting for the bulk of company growth as Truth Social signed Bloomberg, Susquehanna International Group and Jump Trading as major customers.
- Forbes reporter Dan Alexander debunked President Donald Trump's claims that his $3 billion net worth increase came solely from stock market gains, emphasizing the president's answer is "nonsense."
- Fox News analyst Brit Hume suggested President Donald Trump's family wealth fueled voter corruption concerns, contributing to Republican midterm losses; 55% of respondents considered corruption "crucial" to their vote.
- Former Trump administration adviser Calley Means accused senior officials of "doing things for other reasons, particularly in many cases to enrich their families," while analyst Larry Sabato described the trend as "the worst in presidential history.
11 Articles
11 Articles
Fox’s Brit Hume delivers harsh truth: Americans sick of Trump's fast billions
President Donald Trump's wealth, which has grown by a suspicious $2.2 billion since he began his second term, is now officially hurting the entire Republican Party, at least according to one prominent right-wing commentator."Fox News chief political analyst Brit Hume suggested Monday that President Donald Trump and his family’s rapidly growing wealth caused voters’ concerns about government corruption as Republicans suffered sweeping losses in l…
Trump Media swings to quarterly profit; Truth API boosts revenue
Nov 9 : Trump Media & Technology Group swung to a third-quarter profit on Monday, while its revenue more than tripled from a year earlier, fueled by growth in its Truth API data-licensing business.Shares of the company rose about 1 per cent in extended trading.Founded by US President Donald Trump and k
Fox’s Brit Hume Flags Trump Family’s Exploding Wealth as a Problem for Republicans: ‘People Are Hurting’
"They see the president, apparently a rich man to begin with and never afraid to talk about how rich he was and is, suddenly several billion dollars richer," said Brit Hume. "They don't like the look of that." The post Fox’s Brit Hume Flags Trump Family’s Exploding Wealth as a Problem for Republicans: ‘People Are Hurting’ first appeared on Mediaite.
'The President's Answer Here Is Nonsense': Forbes Reporter Debunks Trump Lies About $3 Billion Wealth Surge
Forbes reporter Dan Alexander debunks Trump’s $3 billion wealth claim, tracing his gains to crypto ventures, overseas deals and licensing—not stock market growth.
Costs for the acquisition of Kodak photo stations burden Cewe +++ Unicredit record gain before Commerzbank acquisition +++ Hannover Back on track +++ The newsblog.
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