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Trump's Truth Social has lost $73 million in less than 2 years, new filing shows

  • Former President Donald Trump's Truth Social platform has suffered a loss of $73 million since its launch in 2022, with $50 million lost in 2022 and an additional $23 million in the first half of 2023.
  • Truth Social, advertised as a platform for free speech and an alternative to big tech companies, reported net sales of just $1.4 million in its first year of operation, with sales reaching $2.3 million in the first half of 2023.
  • Truth Social's financial condition raises doubts about its ability to continue as a going concern, and if it fails to complete its merger with Digital World Acquisition Corp, it may be forced to shut down.
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  • 48% of the sources lean Left
48% Left
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