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Author Topic: Trump’s Truth Social has lost $73 million in less than 2 years, new filing says  (Read 789 times)

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Offline mystery-ak

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Trump’s Truth Social has lost $73 million in less than 2 years, new filing says
« on: November 14, 2023, 09:07:59 am »
 Trump’s Truth Social has lost $73 million in less than 2 years, new filing says
by Olafimihan Oshin - 11/13/23 8:30 PM ET

Former President Trump’s social media platform, Truth Social, has lost $73 million in net sales since the platform’s official launch in February 2022, according to a new financial disclosure filing from Digital World Acquisition Corp. (DWAC).

Digital World is a merger partner with Trump Media & Technology Group (TMTG). Trump owns a stake in Truth Social that was last valued at between $5 million and $25 million.

The form shows that Truth Social lost $50 million on just $1.4 million of net sales in 2022 and another $23 million within the first six months of this year, according to the filing, which was first reported by The Hollywood Reporter.

If TMTG is unable to complete its merger with DWAC and receive more funds, the company may not survive, according to the filing.

more
https://thehill.com/homenews/media/4308023-trumps-truth-social-has-lost-73-million-in-less-than-two-years-new-filing-says/
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Offline Wingnut

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Re: Trump’s Truth Social has lost $73 million in less than 2 years, new filing says
« Reply #1 on: November 14, 2023, 10:30:36 am »
Trump is a master at losing other peoples money. 
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Offline DefiantMassRINO

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Re: Trump’s Truth Social has lost $73 million in less than 2 years, new filing says
« Reply #2 on: November 14, 2023, 11:25:15 am »
Digital World Acquisition Corp. is a Wall Street "Special Acquisition Company" (aka SPAC) ... a SPAC is a pile of other people's money looking for something to buy ... so more "other people's money" is about to be flushed down the toilet.

They'll give any ding-dong a business degree.
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Offline GtHawk

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Re: Trump’s Truth Social has lost $73 million in less than 2 years, new filing says
« Reply #3 on: November 14, 2023, 12:20:11 pm »
How can this be? Aren't all of Trump's millions and millions...and millions of MAGA enthusiast's support making this a gold mine for him?
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