Trump Media COO Jumps Ship Amid $327 Million Cash Burn

As if being the c-suite executive of a publicly traded company was difficult enough, Andrew Northwall also needed to manage the label of being COO of Trump Media & Technology Group.

Trump Media, the operator of Truth Social is arguably one of the more volatile and controversial publicly traded companies on the market. The company is reportedly dealing with significant financial difficulties.

The company faced a steep stock price decrease, 81 percent decrease from its IPO along with heavy net loss reports – reported spending $327.6 million on less than $1 million revenue. Northwalls departure from Trump Media came in the midst of the latest hotly contested presidential election with former president and TMTG majority stakeholder Donald Trump.

The announcement came in the form of a regulatory filing on Thursday. The filing revealed the former COO resigned in late September. The same regulatory filing revealed Trump Media will be releasing close to 800,000 shares of its publicly traded stock to an early investor. The stocks will be released to the same investor who was part of a stock contract breach in September.

Delaware Chancery Court Judge Lori Will made a ruling that Trump Media is in breach of contract with ARC Global Investments II. A reported business sponsor who took Trump Media public.

Regarding Northwalls departure, MKE Post has strong speculations the reason for his exit is due to the clear and overwhelming financial strain and the ongoing challenges the business endures.