Truth Social Has Lost A Ton Of Money And Is In Peril, Report Says - News Summed Up

Truth Social Has Lost A Ton Of Money And Is In Peril, Report Says


LOADING ERROR LOADINGDonald Trump can rant all he wants on Truth Social ― for now. A new filing about the former president’s right-wing social media platform raised serious doubts about its viability, The Hollywood Reporter reported on Monday. Truth Social has used cash from operations of $35 million since its inception in February 2021, prompting a grave forecast from independent accountants for Truth Social’s owner, Trump Media & Technology Group, according to an SEC filing. The parent company of Trump’s Twitter knockoff is hoping to go public via the merger. AdvertisementOne commenter reacting to the Truth Social report called his business acumen “the Minus Touch.”


Source: Huffington Post November 15, 2023 01:56 UTC



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