InvestorsHub Logo
Followers 496
Posts 29265
Boards Moderated 4
Alias Born 06/17/2010

Re: None

Tuesday, 11/14/2023 7:47:55 AM

Tuesday, November 14, 2023 7:47:55 AM

Post# of 44403
trump’s TRUTH SOCIAL REPORTS $73 MILLION NET LOSS SINCE LAUNCH

In 2022, Truth Social posted a loss of $50 million, with net sales of just $1.4 million. It lost $23 million in the first half of this year, with net sales of $2.3 million.

Trump Media & Technology Group's (TMTG) independent registered public accounting firm has indicated that the financial condition raises substantial doubt as to its ability to continue as a going concern, according to the filing.


"TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World."

https://www.reuters.com/technology/trumps-truth-social-reports-73-mln-net-loss-since-launch-2023-11-14/

Exactly as called long ago when the PPS was >$120;

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166596375
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent DJT News