Trump Media & Technology Group (TMTG, the company behind the conservative-friendly social network Truth Social) is back in the spotlight. But this time, it’s not about fiery posts or meme stocks. It’s about something way less flashy but far...
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Trump Media Cites ‘Material Weakness’ in Its Financial Structure
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Subscribe14 MAY 2025 / BUSINESS
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Trump Media & Technology Group (TMTG), the company behind the conservative social network Truth Social, has been flagged for significant weaknesses in its financial controls, including a lack of formal accounting policies, personnel well-versed in SEC practices, and poor documentation processes. The company's SEC filing revealed possibility of material misstatements in its financial reports and a track record of net losses far outweighing sales; these issues raise concerns about the company's financial stability and trustworthiness in the marketplace, especially given its expansion into new ventures and volatile market conditions.
Trump Media & Technology Group (TMTG, the company behind the conservative-friendly social network Truth Social) is back in the spotlight. But this time, it’s not about fiery posts or meme stocks. It’s about something way less flashy but far...
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