US EditionTrump'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.
26 Articles
26 Articles
La red social de Trump ha perdido 73 millones de dólares desde su creación en 2022
Nueva York, 14 nov (EFECOM).- La empresa matriz de Truth Social, la red social del expresidente Donald Trump, ha perdido 73 millones de dólares (67 millones de euros) desde su creación a principios de 2022, según un documento entregado hoy al regulador bursátil estadounidense por la compañía con la que planea fusionarse.Trump Media and Technology Group (TMTG) perdió en 2022 unos 50 millones de dólares y hasta julio de este año ha perdido otros 2…
Trump's Truth Social hemorrhaging many millions of dollars
President Donald J. Trump walks with White House Press Secretary Kayleigh McEnany to speaks with reporters prior to departing the White House Tuesday, Sept. 15, 2020, for his trip to Pennsylvania. (Official White House photo by Tia Dufour) By Jason Cohen Daily Caller News Foundation Former President Donald Trump’s Truth Social platform has lost nearly $75 million since it launched in February 2022, according to a Monday Securities and Exchange C…
Trump’s Truth Social Platform Has Reportedly Lost Shocking $73 Million Since Launching — And May Not Have Long Left
AP Photo/Evan Vucci A new securities filing shows Donald Trump has incurred major financial losses with his social media venture, Truth Social. The Hollywood Reporter published a review of financial disclosures from Trump Media & Technology Group (TMTG), the company behind Trump’s alternative to X (formerly Twitter). As TMTG’s merger with Digital World Acquisition Corp. (DWAC) remains stalled, the form shows that Truth Social lost $50 million on…
Trump’s Truth Social platform has lost $73m since launch, filing shows
Platform posted loss of $50m in 2022, with net sales of just $1.4m, and lost $23m in first half of this year, with net sales of $2.3mDonald Trump’s social media platform Truth Social has lost $73m since its launch in early 2022, a securities filing revealed on Monday, and is struggling to find additional funds.The ex-president had announced the launch of his social media app in October 2021, saying it would “stand up to big tech” companies such …
Trump's Truth Social Announces Merger 'Milestone' as Filings Show $73 Million Loss
Former President Donald Trump’s company, Trump Media & Technology Group (TMTG) has reached another “important milestone” in its merger with Digital World Acquisition Corp., officials announced on Nov. 13. In a press release, the two firms unveiled the filing of “Amendment No. 1” to its Form S-4 Registration statement with the Securities and Exchange Commission (SEC). Publicly traded companies are required to file an SEC form S-4 to register any m
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