Donald Trump’s Truth Social $73M In The Red Since February 2022 Launch, SEC Filing Shows
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deadline.comNot a ton of winning to report here: A new SEC filing shows that Donald Trump‘s Truth Social lost some $73 million in net sales in its first 16 months.
In a sprawling, 530-page filing with the federal Securities and Exchange Commission (see it here), the social media platform championed by the former president lost $50 million on $1.4 million in net sales in calendar 2022, after launching in February of that year.
The losses narrowed some for the first half of 2023, with the platform down $23 million from January-to-June, which extrapolates to $46 million for the full year.
Trump revealed Truth Social in October 2021 — nine months after he was banned from Twitter in the aftermath of the January 6 attack on the U.S.
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