Social Trumps Truth Social made 4 million and lost 58 million in 2023.

[Joe]

Truth Social didnt make much money in 2023. Made 4 million and lost 58 million dollars. That sounds bad?? Trump owns 78 million shares. How much will they worth by the time he can sell? Will it be saved by trumpers propping up truth social to own the libs?

 

[KOPPE]

add that to the list.

 

[Sweater of AV]

Sounds like a Dump endeavor. Sad.

 

[kflo]

he can get someone in SA to pay $1T for it so that's what it's value is.

 

[Corona]

Truth GOATcial is just getting started imo. It’ll usurp X(modern Nazi platform) in no time.

 

[Joe]

I had no idea truth social was made by former apprentice constetants and they sued trump. What a clown show.

 

[Richmma80]

Trump is a DRUMPF!

 

[chardog]

uh yeah, that's how companies work.... facebook, instagram, tiktok, even amazon, took big losses in the beginning. People rallied behind these companies for their potential future earnings.

 

[WhitestKidU’Know]

You gotta spend money to make money

 

[Jballer]

All these failed business ventures and massive profit losing endeavors. There’s no other explanation other than money itself has a severe case of TDS.

 

[KaNesDeath]

These SEC filings are fake news!

 

[Jack V Savage]

So apparently investors think that a company that made $4M on the top line and lost $60M on the bottom line last year is worth over $5,000M. Sounds legit.

 

[Jack V Savage]

The one good thing about Trump is that it's always his fans that end up getting ripped off.

 

[usernamee]

uh yeah, that's how companies work.... facebook, instagram, tiktok, even amazon, took big losses in the beginning. People rallied behind these companies for their potential future earnings.

Spotify has been going at it for almost 20 yeras and is still not profitable unless something has changed

 

[HOLA]

You gotta spend money to make money

They aren't spending money. It's not like they're dumping money into research and development.

They took in $4.1 million in revenue, which is like a small business that does slightly more than $1,000 in sales a day. A local hair salon can exceed that. They lost $58 million on that. About $40 million was just interest expense, from loans they've taken out. They only have $2.7 million in cash. Trump's RETARDS have bid this up to a current market value of $6.8 billion. That's like...1,600 years worth of their revenue.

Trump is going to rob them of as much money as he can, ASAP. They'll be left with nothing.

 

[Scerpi]

uh yeah, that's how companies work.... facebook, instagram, tiktok, even amazon, took big losses in the beginning. People rallied behind these companies for their potential future earnings.

Yeah... But Elon buying Twitter pretty much killed what little chance Truth Social may have had.

It's fucking toast now... no chance.

 

[Dr Curtis Love]

GeNiUs BuSiNeSs MaN

 

[HOLA]

These SEC filings are fake news!

They might be, actually! They actually disclosed to regulators:

TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023. As of Monday, Trump Media said these “identified material weaknesses continue to exist."

Translation: Our accountants probably fucked up/lied so if these numbers are wrong please don't get too mad because we already warned you!

 

[AWilder]

Spotify has been going at it for almost 20 yeras and is still not profitable unless something has changed

spotify has a growing paid user base. No one's paying for Truth afaik. I can't imagine the limp-dick pill market is big enough to support Truth and Twitter.

 

[HOLA]

Board of directors:

Devin G. Nunes Chief Executive Officer and Director
Eric Swider Director
Donald J. Trump Jr. Director
Kashyap “Kash” Patel Director
W. Kyle Green Independent Director
Robert Lighthizer Independent Director
Linda McMahon Independent Director