Anonymous wrote:They won't be able to sustain the losses for much longer. I smell (another) bankruptcy.
https://finance.yahoo.com/news/trump-truth-social-lost-16-192807088.html
The parent company of Truth Social said on Friday in its latest filing with the Securities and Exchange Commission that it had earned $837,000 in revenue for the second quarter of 2024 — down 30 percent from the same period last year — and had also paid millions of dollars to cover legal expenses related to its merger with special purpose acquisition company Digital World Acquisition Corp.
Further, a press release states: “Additionally, the Company incurred $3.1 million of IT consulting and software licensing expenses, primarily related to its software licensing agreement to power its new TV streaming service.”