The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.
Trump’s Truth Social Has Lost $73M Since Launch, New Filing Shows: The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.::Truth Social Losses and Revenue revealed for first time as Trump social platform discloses financial data and says it is a “going concern”
Anyone who was stupid enough to invest in this, deserves the losses.
Social Media Facts: Nobody likes Nazis. Platforms that purge Nazis thrive, and are attractive to people with diverse views. Platforms that cater to the far right fail because there’s not enough extremists to populate them, and absolutely no reason for normal people to sign up.
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This is a most excellent place for technology news and articles.
Anyone who was stupid enough to invest in this, deserves the losses.
Social Media Facts: Nobody likes Nazis. Platforms that purge Nazis thrive, and are attractive to people with diverse views. Platforms that cater to the far right fail because there’s not enough extremists to populate them, and absolutely no reason for normal people to sign up.
Where is the money actually lost to? Like who credited from this ridiculous debit
Repost.
It surprises me they had that much to lose.
It surprises me they lost that little.
Correction: they have spent some fraction of 73M on propaganda, and likely embezzled the rest.
Yeah this is way too much money to lose on just wages and server costs