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From: JAB <here@is.invalid>
Newsgroups: misc.news.internet.discuss
Subject: Trump;s Truth Social lost $58 million in 2023
Date: Mon, 01 Apr 2024 11:03:27 -0500
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Trump;s Truth Social lost $58 million in 2023

Former President Trump's social media company lost over $58 million on
just $4.1 million in revenue during 2023, according to new SEC
filings.

Why it matters: There is a massive disconnect between the financial
fundamentals and stock performance of Trump Media & Technology Group,
which is valued at more than $7 billion after going public last week.
....
....
The big picture: The SPAC merger proceeds make TMTG financially viable
for a while, but it's no longer possible to even pretend that the
share price has any relation to the actual business.

    At this point, owning TMTG is basically an in-kind donation to
Donald Trump. Both financially and reputationally.

https://www.axios.com/2024/04/01/trump-truth-social-revenue-2023