Trump’s social media site, Truth Social, might not last much longer because the company is broke.
The Trump Media & Technology Group accountants say the company has “suffered negative cash flows and recurring losses from operations that raise substantial doubt about its ability to continue.”
There’s been a proposed merger with investment partner Digital World Acquisition since October 2021, but that merger has been delayed for months. According to the report, the merger would allow TMTG to access “$300 million Digital World raised from shareholders.”
At this point, the merger is the only way Truth Social survives. Truth Social They’ve lost $73 million since its inception.Former president Donald Trump’s social network, Truth Social, might not survive. A new financial filing by Digital World Acquisition, Trump’s investment partner, said the Trump Media & Technology Group accountants believed the Trump company’s “financial condition” had left it at risk, MSN reports.In the first six months […]
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