Trump's Truth Social reports $73M loss

PTVPhilippines
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Trump's Truth Social reports $73M loss
Transcript
00:00 Former US President Donald Trump's social media platform TruthSocial has experienced
00:05 significant financial losses since its launch in early 2022. According to a securities filing
00:13 by Digital World Acquisition Corporation, the platform has lost 73 million US dollars,
00:19 with a loss of 50 million dollars in 2022 and 23 million dollars in the first half of 2023.
00:26 Net sales have been minimal, with just 1.4 million dollars in 2022 and 2.3 million dollars
00:33 in the first half of 2023. The financial condition of Trump Media and Technology Group,
00:39 the company behind TruthSocial, has raised concerns about its ability to continue as a going concern.

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