Posted 4/7/2024, 11:44:42 AM
Trump Media Loses Millions, Leaders Paid Lavishly as Lawsuits Mount
- Trump Media lost $58 million last year but Trump's stake is still worth about $3.2 billion based on the company's market valuation of $5.5 billion
- CEO Devin Nunes and other executives received millions in salary, bonuses, and stock compensation despite the losses
- Several board members including Nunes and a consultant were paid hundreds of thousands of dollars
- Early investors and founders have stakes worth hundreds of millions based on the current stock price
- Multiple lawsuits have been filed between various parties involved with Trump Media and related entities