Trump’s Truth Social platform has lost $73m since launch, filing shows
by Dominic Rushe and wires from on (#6GC22)
Platform posted loss of $50m in 2022, with net sales of just $1.4m, and lost $23m in first half of this year, with net sales of $2.3m
Donald Trump's social media platform Truth Social has lost $73m since its launch in early 2022, a securities filing revealed on Monday, and is struggling to find additional funds.
The ex-president had announced the launch of his social media app in October 2021, saying it would stand up to big tech" companies such as Twitter and Facebook that previously barred him.
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