Trump’s Truth Social Play Is Already Failing ...Middle East

On the day after Easter, Donald Trump, who likes to compare himself to Jesus Christ, told the truth about his social-network platform Truth Social, and the truth did not set him free. It cost him about $1 billion as Truth Social’s stock price dropped 21 percent.The bad news was delivered in an 8-k form filed with the Securities and Exchange Commission, and accompanying documents. These materials reveal that Truth Social, which was valued at about $8 billion when the stock debuted last week, lost $58 million last year. Revenues were only about $4 million, and Truth Social “expects to continue to incur operating losses and negative cash flows from operating activities for the foreseeable futur

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Last updated : 02 April 2024 clock 02:32 PM

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Trump’s Truth Social Play Is Already Failing ...Middle East

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