"Truth Social: Trump's Paper Payout and the Financial Truth"
TL;DR Summary
Despite facing mounting losses, Donald Trump's Truth Social, with only 5 million active members, could be valued at over $5 billion as investors in Digital World Acquisition Corp. approved a merger deal with Trump's company. The merger could provide a timely $3 billion boost for Trump, but Truth Social has suffered considerable losses, with the app losing $31.6 million since its launch and Trump Media losing $49 million in the first nine months of 2023 on revenue of just $3.4 million. Nonetheless, individual retail investors, including Trump fans, seem undeterred by the company's losses, expressing support for the platform.
- Trump's Truth Social has only 5 million members but could be valued at $5BN Business Insider
- Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner The New York Times
- Opinion | Truth Social stock scheme is another Trump con - The Washington Post The Washington Post
- Trump's new Truth Social investors are in for a disappointing time MSNBC
- Breakingviews - Donald Trump's paper payout defies financial truth Reuters
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