"Trump Media's Truth Social Faces Financial Crisis as Investors Flee"

1 min read
Source: Hindustan Times
"Trump Media's Truth Social Faces Financial Crisis as Investors Flee"
Photo: Hindustan Times
TL;DR Summary

Donald Trump's niece, Mary Trump, predicts that Truth Social is "destined for failure" due to its financial losses, technical glitches, and lack of user growth. The social media platform generated just over $4.1 million in revenue but incurred $58.2 million in costs, resulting in significant operating losses. Experts and financial market analysts echo her concerns, pointing out the company's lack of transparency regarding user engagement numbers and its questionable value.

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