Truth Social Lost $327 Million In The First Quarter Of 2024
Truth Social, the Trump Media and Technology slush fund Group lost almost $330 million the first quarter of 2024, in their latest earnings report.
The Trump media company collected $770,500 revenue during that period of time which is terrible.
ABC News reports:
For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with. It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
A year earlier, Trump Media posted a loss of $210,300.
The company has been plagued by fraud, auditors and wild claims of Wall Street conspiracies.
A typical day in the life of diminished Donald Trump.
Trump constantly attacks any media outlet that criticizes him claiming they are losing money and have terrible ratings. How does it feel to suck down some of that muck spewing," Donny?