Trump Media and Tech Group (NO Politics Allowed) (DJT): I pulled the filing, it's about 510...

Trump Media and Tech Group (NO Politics Allowed) (DJT)

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	55
Posts	6417
Boards Moderated	1
Alias Born	07/28/2015

TraderAI

Re: Zorax post# 38692

Tuesday, 11/21/2023 12:53:42 AM

Tuesday, November 21, 2023 12:53:42 AM

I pulled the filing, it's about 510 pages. Rough estimate is somewhere between $32 and $37 million loss. Not $73 million. In comparison, Twitter/X lost about $30 billion, Meta/Facebook expect YoY losses in the billions, and also reported losing 1.5B Threads users.

Can read for yourself and make your own decision. The $73 million number is fake news. With retractions already coming out.

See: https://www.axios.com/2023/11/14/trump-truth-social-35-million-net-loss-since-launch

https://www.yahoo.com/entertainment/truth-social-lost-ton-money-162803099.html

From Yahoo:
CORRECTION: A previous version of this story said Truth Social lost $73 million since February 2022, citing The Hollywood Reporter. It has been updated to more accurately reflect Truth Social’s financial losses as reflected in the SEC filing.