Laura PourMeADrinkLaura PourMeADrink's Journal
Former President Donald Trumps social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings.
Trump Media & Technology Group (TMTG), which is chaired by the former president, has lost $31.6 million since the company launched in early 2021, SEC filings released Monday show.
Truth Social launched in early 2022 as an alternative to Twitter, which is now known as X and is owned by billionaire Elon Musk. At the time, Trump had been banned from what was then Twitter for breaking the platforms rules on promoting violence during the January 6 riot. His account has since been reinstated.
If she negotiated the loan deals, she seems like she's smack dab in the middle.
And if she was dropped to get info, she would just say she didn't remember ( which she did)
Ugh... CNN showing Kook parade his kids, including Ivanka, at his Kook rally.
Fireball shots for adults and candy for kids.
knew about 9-11, they knew about trump's insurrection?
I'd say they need a better critical escalation process. Warn and let people decide.
Just what we've been saying for MANY years.. but seriously ill ! Not the same old "he's crazy"
He couldn't read the cue card nor was he familiar with how to pronounce Hamas. Thou millions of people are.
Now he didn't know who is president!
They delved for years! Sure Pillow Guy still delving.
Dem poll workers did NOTHING wrong!
Knew we wouldn't... but still!
With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff" for the "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list," Forbes said.
A factor in Trump falling off the list of 400 richest Americans was that the deal to merge his social media company Truth Social with a SPAC remained in limbo.
"If Trump's platform were thriving, he would probably have no trouble finding alternate financing. But it's not, and there is little reason to be optimistic about Truth Social's future," according to Forbes.
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Current location: CT.
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About Laura PourMeADrinkLeft of Gandhi.. Question things, especially our own party to hopefully make it #1 by a mile
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