Trump Media and Technology Group Corp.

What does Trump Media and Technology Group own?
TMTG operates three consumer brands: the Truth Social platform, the Truth+ streaming service, and the Truth.Fi fintech brand. It also holds roughly $2.5 billion in financial assets including bitcoin and related securities.

Is Trump Media publicly traded?
Yes. It trades on Nasdaq and NYSE Texas under the ticker DJT, having listed in March 2024 through a merger with Digital World Acquisition Corp. Its warrants trade as DJTWW.

Who founded Trump Media?
The company was announced in October 2021 by Donald Trump and associated partners after his suspension from major social platforms. Devin Nunes joined as CEO in 2022.

Where is Trump Media headquartered?
Sarasota, Florida, United States. The company relocated its principal offices to Sarasota and reports the address in SEC filings.

How many brands does the company own?
Three core consumer brands: Truth Social, Truth+ and Truth.Fi. It operates them as integrated products rather than separate subsidiaries with independent identities.

Who owns Trump Media?
It is publicly traded, but Donald Trump is the controlling shareholder through a revocable trust holding approximately 52 percent of shares. The balance trades freely among institutional and retail investors.

What is TMTG's revenue?
Product revenue was $3.68 million in FY2025. The company reported a net loss of $712.3 million, mostly unrealized declines in digital-asset values, while holding about $2.5 billion in financial assets.

Is TMTG profitable?
Not on a net-income basis, due largely to digital-asset mark-to-market losses. It did report positive operating cash flow of $14.8 million for 2025, its first positive year.

TMTG was announced in October 2021, ten months after Donald Trump was suspended from Twitter, Facebook and YouTube following the January 6 Capitol riot. The company's founding purpose was explicit: build platforms that could not deplatform him or his audience.

Truth Social launched on the App Store in February 2022 on a fork of the open-source Mastodon codebase, quickly overwhelming capacity and placing hundreds of thousands of users on waitlists. An Android app followed in October.

The route to public markets ran through Digital World Acquisition Corp., a SPAC that agreed to merge with TMTG in October 2021. The deal stalled for two years amid SEC scrutiny of DWAC's disclosures about pre-IPO merger talks, a $18 million SEC settlement in 2023, and insider-trading prosecutions connected to DWAC trading. The merger finally completed on March 26, 2024, listing TMTG on Nasdaq as DJT.

Public-company life has been volatile. DJT stock has swung wildly with Trump's political fortunes, dropping after his 2024 legal setbacks and rallying through his re-election campaign. Operationally the company expanded: Truth+ streaming launched in late 2024 on a proprietary content delivery network, Truth Search AI arrived in 2025 via a Perplexity partnership, and the Patriot Package subscription bundled premium features.

The most consequential shift was financial. Starting in 2025, TMTG raised capital and redirected its treasury into bitcoin and digital-asset-linked securities, while launching Truth.Fi with plans for America First-branded investment products including ETFs. Financial assets tripled from $777 million at the end of 2024 to about $2.5 billion a year later.

The 2025 results captured the company's split identity: $3.68 million in product revenue, positive operating cash flow of $14.8 million for the year, but a $712.3 million net loss driven mostly by unrealized declines in digital-asset values. Through 2026 the company has continued positioning itself as a media, fintech and crypto-holding hybrid.

The SPAC merger brought roughly 300 million dollars in proceeds and a shareholder base dominated by retail investors, a register the company has repeatedly described as unusually loyal. Devin Nunes's management has leaned into that base, addressing shareholders through letters and direct communications unusual for a listed company.

The company's 2025 pivot into financial services and digital assets reshaped its economics. A partnership with Crypto.com announced in March 2025 laid groundwork for America First-themed investment products under the Truth.Fi brand, including plans for crypto-linked ETFs. Capital raises through the year built a treasury that management positioned in bitcoin and related instruments, turning the balance sheet into the largest component of the business.

Operating metrics remained thin by comparison. Truth Social's advertising business generated only millions in annual revenue, and Truth+ and Truth.Fi are earlier still. The company's public filings acknowledge the single-person dependency as its principal risk factor: its audience, content and valuation all revolve around one individual.

TMTG's record is dense with documented controversy. The SEC charged pre-merger DWAC with misleading investors about acquisition talks, producing an $18 million settlement. Federal prosecutors secured insider-trading convictions tied to DWAC trading, including against figures connected to the deal.

Governance scrutiny centers on the president's majority stake in a public company and the conflicts that creates for regulatory oversight. Critics also cite Truth Social's role in amplifying election and health misinformation, its loose moderation, and the company's dependence on a single individual, risks the company itself lists in SEC filings.