Posted on Nov 14, 2023

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

PO1 William "Chip" Nagel

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Former President Trump’s social media platform, Truth Social, has lost $73 million in net sales since the platform’s official launch in February 2022, according to a new financial disclosure filing from Digital World Acquisition Corp. (DWAC).

Digital World is a merger partner with Trump Media & Technology Group (TMTG). Trump owns a stake in Truth Social that was last valued at between $5 million and $25 million.

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

Posted from thehill.com

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Posted 2 y ago

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SPC David S.

Edited 2 y ago

Posted 2 y ago

And Mark Zuckerberg's empire has lost hundreds of billions of dollars in value.
On February 2, 2022, Meta which owns Facebook and Instagram, lost $230 billion in market value within 24 hours.

A $230 billion loss makes me think maybe there's a problem with social media in general?

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

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

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