EU banking watchdog strengthens AML measures for crypto firms
Trump Media is negotiating its debts with lenders.
But a new regulatory filing reveals that Truth Socials owner.Trump Media is negotiating its debts with lenders.
which indicates that an accounting firm believes a company may not have sufficient cash on hand to pay its debts and could default within the next year.Burning through cashThe financial picture that emerges from filing depicts a company thats facing mounting losses in the face of growing.The cautionary language by Trump Medias accountants is known as a going concern warning.
down from $19 million a year earlier.During the 12 months following the signing of these financial statements.
Trump Media reported revenue of $2.
Trump Media Technology Group.The financial details about Trump Media Technology Group were made public in a Monday filing from Digital World Acquisition Corp.
The disclosure also contains a warning from Trump Media Technology Groups accountants.5 million net profit after a change in value tied to its convertible notes.
formed to merge with Trumps business.backers of the social network described it a conservative-friendly alternative to Big Tech platforms that would attract advertisers eager to court former President Donalds Trumps millions of followers.