Published 11/14/2023 3:37:00 a.m.

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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Reuters

Trump's Truth Social reports $73 mln net loss since launch

Former U.S. President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp , the SPAC that plans to merge with the company, showed on Monday.

11/14/2023 2:10:10 a.m.·United Kingdom

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NDTV

Donald Trump's Truth Social Reports $73 Million Net Loss Since Launch

Former US President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp, the SPAC that plans to merge with the company, showed on Monday.

11/14/2023 5:06:00 a.m.·New Delhi, India

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Channel News Asia

Trump's Truth Social reports $73 million net loss since launch

Former U.S. President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp, the SPAC that plans to merge with the company, showed on Monday.Trump had announced the launch of his social media app in Oct

11/14/2023 2:10:10 a.m.·Singapore

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Infobae

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…

11/15/2023 12:18:16 a.m.·C A B A, Argentina

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The Hill

Trump’s Truth Social has lost $73 million in less than two years, new filing says

Former President Trump’s social media platform, Truth Social, has reportedly lost $73 million in net sales since the platform's official launch.

11/13/2023 11:00:58 p.m.·Washington, United States

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Benzinga

Donald Trump's Truth Social Records $73M Loss In Less Than Two Years - Digital World Acq (NASDAQ:DWAC)

As per a latest report, there is an apprehension that TMTG may not survive if it fails to complete its merger with DWAC and secure further funding

11/13/2023 10:54:52 p.m.·New York, United States

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Leaning Left10Leaning Right4Center7Last Updated11/15/2023 2:59:15 a.m.Bias Distribution

48% Left

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48% of the sources lean Left

48% Left

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

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Trump's Truth Social reports $73 mln net loss since launch

Trump's Truth Social reports $73 mln net loss since launch

Donald Trump's Truth Social Reports $73 Million Net Loss Since Launch

Donald Trump's Truth Social Reports $73 Million Net Loss Since Launch

Trump's Truth Social reports $73 million net loss since launch

Trump's Truth Social reports $73 million net loss since launch

La red social de Trump ha perdido 73 millones de dólares desde su creación en 2022

La red social de Trump ha perdido 73 millones de dólares desde su creación en 2022

Trump’s Truth Social has lost $73 million in less than two years, new filing says

Trump’s Truth Social has lost $73 million in less than two years, new filing says

Donald Trump's Truth Social Records $73M Loss In Less Than Two Years - Digital World Acq (NASDAQ:DWAC)

Donald Trump's Truth Social Records $73M Loss In Less Than Two Years - Digital World Acq (NASDAQ:DWAC)

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