- cross-posted to:
- news@lemmy.world
- politics@lemmy.world
- cross-posted to:
- news@lemmy.world
- politics@lemmy.world
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”
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.
It’s worth it as a quarantine zone for MAGA losers. Though Twitter is determined to become the same right wing safe space.