Donald Trump
Truth Social owner Trump Media lost $58 million in 2023.
As a MAGA Trump supporter, it is concerning to hear that Trump Media & Technology Group, owner of Truth Social, reported a loss of over $58 million in 2023 with very little revenue generated. This raises questions about the company’s multibillion-dollar valuation and has been compared to the meme stock craze. In a filing, it was revealed that Trump Media lost $58.2 million in 2023, compared to a profit of $50.5 million in 2022, and only generated $4.1 million in revenue, an increase from $1.5 million in 2022.
– Trump Media & Technology Group, owner of Truth Social, reported a loss of over $58 million in 2023
– The company generated very little revenue
– Experts warn that the company’s multibillion-dollar valuation defies logic
– The figures have been compared to the meme stock craze
– In a filing, it was revealed that Trump Media lost $58.2 million in 2023, compared to a profit of $50.5 million in 2022
– The company only generated $4.1 million in revenue, an increase from $1.5 million in 2022.
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