Donald Trump’s social media company Truth Social reported losses of $58 million in 2023 just days after making its debut on the stock market.
According to filings made to the U.S. Securities and Exchange Commission, Truth Social reported a net loss of $58,189,200 in 2023, alongside a more than $50 million loss in 2022. The company brought in only about $5.4 million in gross profit over the two-year period.
Trump's Truth Social company posted its new financials to the SEC today.
The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.
According to filings made to the U.S. Securities and Exchange Commission, Truth Social reported a net loss of $58,189,200 in 2023, alongside a more than $50 million loss in 2022. The company brought in only about $5.4 million in gross profit over the two-year period.
Trump's Truth Social company posted its new financials to the SEC today.
The firm generated just $4.1 million (with an M) revenue for all of 2023, while racking up $58 million in net losses.
- 4/1/2024
- by Nikki McCann Ramirez
- Rollingstone.com
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