Trump Media says it lost more than $400 million last year

[John1956PA]

2. I think the reported figures are doubtful.

It could be the corporate structures of the companies involved with Truth Social amount to little more than players in a shell game which serves to exploit tax loopholes.

If the total annual revenue of Truth Social was about $4M before last year, it does not seem that a twelve percent drop in revenue last year was that substantial.

Moreover, how can there have been an annual loss last year on the magnitude of $400M? What kind of needs to keep the platform going require such costs?

The unnamed company which provides advertising services (and which reportedly received large payments from Truth Social last year) is probably another of Trump's companies which is a participant in this corporate shell game.