Company Directory - Trump Media and Technology Group, Inc.
Company Details - Trump Media and Technology Group, Inc.
Trump Media and Technology Group, Inc.
Trump Media and Technology Group is a media and technology company founded by former President Donald Trump. The company aims to develop alternative digital platforms and social media services that offer a different approach to content sharing and communication.
CCI Score
CCI Score: Trump Media and Technology Group, Inc.
-28.31
Latest Event
Trump Media Partnership Drives Crypto Token Rally
Trump Media and Technology Group partnered with Crypto.com to launch exchange-traded funds, a move that contributed to a 21% rally in Crypto.com's native token amid a broader crypto market decline. The partnership leverages former President Trump's brand in an effort to reshape alternative digital media and financial products.
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ACCOMPLICE
Trump Media and Technology Group, Inc. is currently rated as an Accomplice.
Latest Events
- MAR312025
Trump Media and Technology Group partnered with Crypto.com to launch exchange-traded funds, a move that contributed to a 21% rally in Crypto.com's native token amid a broader crypto market decline. The partnership leverages former President Trump's brand in an effort to reshape alternative digital media and financial products.
- DEC172024
With President-elect Donald Trump’s return to the White House, Trump Media & Technology Group finds itself at the nexus of intertwined business and political interests, raising concerns about conflicts of interest and potential abuse of power that could bolster authoritarian agendas.
-70
Executive Political Engagement
March 31
The article underscores a serious conflict of interest as the company, closely tied to President-elect Trump, sits at the convergence of political power and business interests. This entanglement risks enabling authoritarian influence by blurring the lines between state and corporate pursuits, undermining democratic accountability.
- SEP172024
The article details that Trump's lock-up agreement on his shares in Trump Media and Technology Group is about to expire, allowing him to sell his shares. At a press conference, Trump stated that he will not sell his shares and uses his stake as a means of political messaging. The article also highlights concerns about the platform Truth Social's lax content moderation, which has led to hate speech and extremist content.
-40
Executive Political Engagement
March 31
Trump's decision to use his shareholding as a platform for political messaging, combined with his public refusal to sell his shares at the lock-up expiration, reinforces his role in fostering a political environment that aligns with authoritarian tendencies. His actions blur the line between corporate decisions and political influence, which is problematic from an anti-fascist perspective.
Trump will soon be able to sell shares in Truth Social’s parent company. What’s at stake?
-50
Media Influence and Propaganda
March 31
The article critiques Truth Social for its lax content moderation, which has allowed hate speech and extremist content to proliferate. This environment not only fuels divisiveness but also indirectly supports authoritarian ideologies by creating echo chambers for extremist views.
Trump will soon be able to sell shares in Truth Social’s parent company. What’s at stake?
- MAY202024
On May 20, 2024, CNN reported that Trump Media & Technology Group lost $327.6 million in the first quarter with minimal revenue generation, while CEO Devin Nunes emphasized the company’s mission as a 'free-speech beachhead against Big Tech censorship.' This financial setback raises questions about the company’s capacity to advance its politically charged agenda.
-60
Public and Political Behavior
March 31
The CEO’s statement framing the company as a 'free-speech beachhead' reflects a politicized narrative that echoes authoritarian messaging, aligning with far‐right rhetoric despite being presented as a stand against censorship. This public and political behavior contributes negatively to the company’s complicity index.
Trump Media lost more than $300 million last quarter on very little revenue
+30
Economic and Structural Influence
March 31
The substantial quarterly financial loss and extremely low revenue limit Trump Media’s economic and structural influence, thereby reducing its capacity to further propagate its authoritarian-tinged agenda. This financial weakness mitigates potential risks associated with its political messaging.
Trump Media lost more than $300 million last quarter on very little revenue
- MAY062024
On May 6, 2024, Trump Media and Technology Group terminated its relationship with independent auditing firm BF Borgers after federal regulators charged the firm with 'massive fraud.' The company disclosed the decision via a regulatory filing and announced that it had engaged Arizona-based Semple, Marchal & Cooper as the replacement.
+50
Business Practices and Ethical Responsibility
March 31
Firing an auditor that was charged with deliberate and systematic failures underscores a shift towards improved business practices and ethical responsibility. Although the company’s history with auditor turnover may raise broader corporate governance questions, distancing itself from a firm involved in fraudulent practices can be viewed as a positive step in aligning with regulatory standards and enhancing transparency.
Trump Media fires auditing firm that US regulators have charged with ‘massive fraud’
- MAR252024
An independent audit note, dated March 25, 2024, revealed that Trump Media and Technology Group lost $58.2 million in 2023 against revenues of $4.1 million and high interest expenses, raising substantial doubt about its ability to continue as a going concern. This financial instability potentially undermines the company’s capacity to influence public discourse with its Truth Social platform.
+20
Economic and Structural Influence
March 31
The significant operating losses and the auditor’s warning highlight structural and economic weaknesses that could limit the company’s ability to serve as a platform for authoritarian messaging. From an anti-fascist perspective, reduced economic influence curtails the potential for promoting extremist narratives linked to Trump’s political legacy.
Trump Media auditor warns losses raise doubt about company - NBC News
- MAR012023
In March 2023, TMTG came under investigation for its acceptance of an $8 million loan tied to individuals linked to Russian financial interests. This raised significant concerns regarding the company’s ethical business practices and the potential for undue economic influence.
-60
Business Practices and Ethical Responsibility
March 31
Allegations of money laundering through an $8 million loan, structured to convert into equity without proper disclosure, indicate serious ethical lapses and suggest complicity with financial practices that benefit authoritarian-associated interests.
-50
Economic and Structural Influence
March 31
The questionable financial arrangements and the ensuing regulatory scrutiny reveal structural vulnerabilities and potential economic entanglements that may enable authoritarian influences through opaque funding channels.
- NOV012022
U.S. financial regulators, including the SEC and FINRA, have launched an investigation into Trump Media and Technology Group's $1.25 billion merger deal with Digital World Acquisition Corp. The probe focuses on unusual trading activity and internal communications surrounding the transaction, raising questions about the company’s adherence to regulatory and ethical standards, particularly given its controversial political founder.
-40
Business Practices and Ethical Responsibility
March 31
The investigation into TMTG’s merger deal highlights potential irregularities in the company’s business practices and ethical responsibilities. Given the scrutiny over internal communications, board procedures, and trading discrepancies, there are significant concerns about the company’s transparency and compliance. This is particularly disconcerting in light of the company’s ties to a figure known for controversial and authoritarian-leaning rhetoric, suggesting that its business practices may indirectly contribute to a broader authoritarian agenda.
U.S. financial regulators investigate Trump social media deal
- FEB212022
On February 21, 2022, TMTG launched Truth Social, a social media platform touted as an alternative to mainstream networks. The platform is widely criticized for amplifying authoritarian rhetoric and serving as a vehicle for extremist political narratives.
-70
Public and Political Behavior
March 31
The launch of Truth Social aligns with the company’s promotion of an alternative media narrative that bolsters authoritarian figures and undermines democratic norms, contributing to the spread of extremist messaging.
-70
Technology and Services Impact
March 31
The development and deployment of a platform that facilitates authoritarian messaging raises significant concerns about its impact on society and its role in furthering extremist and divisive political rhetoric.
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Industries
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 511210
- Software Publishers
- 519130
- Internet Publishing and Broadcasting and Web Search Portals