- Truth Social, a social media platform owned by Trump Media and Technology Group, has no debt and over $200 million in the bank, according to a recent press release1. However, Trump Media and Technology Group has lost $31.6 million since its founding in 2021, and is trying to go public via a merger with a special purpose acquisition company2. According to a report from the Washington Post, the company that had planned to take Truth Social public now suggests that a probable bankruptcy is on the horizon3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.“Closing out the 2023 financials related to the merger, Truth Social today has no debt and over $200 million in the bank, opening numerous possibilities for expanding and enhancing our platform," Nunes said in the release.www.nbcnews.com/business/business-news/trum…Trump Media and Technology Group, Truth Social’s parent company, has lost $31.6 million since its founding in 2021, according to a recent filing with the Securities and Exchange Commission. TMTG is trying to go public via a merger with a special purpose acquisition company.www.cnbc.com/2023/11/14/trump-social-media-co…According to a report from the Washington Post, prospects that Donald Trump's Truth Social will survive are growing bleak with the company that had planned to take the social media platform public now suggesting that a probable bankruptcy is on the horizon.www.salon.com/2022/08/28/truth-social-is-headed …
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‘Substantial doubt’ Trump’s Truth Social will survive ... - CNN
Nov 14, 2023 · Former President Donald Trump’s 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...
Other content from cnn.comTruth Social gets a lifeline after deadline for a big cash …
Sep 6, 2023 · Donald’s Trump’s Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year.
Trump has lost $4 billion in Truth Social wipeout - CNN
Sep 10, 2024 · Former President Donald Trump’s social media company is in a deep slump that keeps getting worse, wiping out a huge chunk of his net worth. Shares of Trump Media & …
Why Trump’s Truth Social payday won’t bail him out of his …
Mar 22, 2024 · Trump's new venture, which operates Truth Social, is set to go public on Wall Street, but he won't be able to cash out soon due to a lock-up agreement. The former …
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Trump’s Truth Social is now a public company. Experts …
Mar 26, 2024 · Trump Media & Technology Group, the owner of struggling social media platform Truth Social, began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker...
Trump's Truth Social gets a lifeline after deadline for a …
Sep 6, 2023 · Donald’s Trump’s Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year.
Truth Social future questioned amid new filing revealing major losses
Apr 1, 2024 · Experts have said the company is overvalued compared with other social media platforms, thanks in part to investments by Trump supporters. Now, a new regulatory filing …
Trump's Truth Social site has lost millions of dollars …
Nov 14, 2023 · Former President Donald Trump's Truth Social platform disclosed an accumulated loss of tens of millions of dollars, according to a filing released by the U.S. Securities and Exchange Commission.
Donald Trump's Truth Social has lost $23 million this year. Its ...
Nov 14, 2023 · The owner of Truth Social, a conservative-friendly social network, has lost $23 million and may not survive, according to its accountants. The company is negotiating its debts …
Truth Social Losses and Revenue Revealed: Trump …
Nov 13, 2023 · Since launching, former President Donald Trump‘s Truth Social and its parent company Trump Media and Technology Group took in $3.7 million in net sales, and lost tens of millions of dollars.
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