Trump’s Truth Social Lost Tens of Millions Since Launch, New Filing Shows
www.hollywoodreporter.com
The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.

Trump’s Truth Social Has Lost $73M Since Launch, New Filing Shows: The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.::Truth Social Losses and Revenue revealed for first time as Trump social platform discloses financial data and says it is a “going concern”

  • dingleberryEnglish
    3·
    1 year ago

    To all feeling vindicated: Uber made profit for the first time last year. Startups, and especially Social Media Startups are all about user acquisition, they are expected to run at a loss for several years.

    Not to mention, Truth social is not funded by your typical VC. It likely has Russian and Saudi backers, and $73M is loose change for these regimes.

    • Toribor@corndog.socialEnglish
      1·
      1 year ago

      It’s worth it as a quarantine zone for MAGA losers. Though Twitter is determined to become the same right wing safe space.