"Trump's Media Platform Faces Financial Uncertainty Amid Stock Slump"

Former President Donald Trump's social media company, Truth Social, is not relying on traditional performance metrics and its auditor has expressed doubt about its ability to continue as a going concern due to low revenues and high losses. The company's regulatory filing revealed that it has not used metrics such as monthly active users and is not prioritizing traditional key performance indicators (KPIs) at this early stage of development. Despite disclosing about 9 million sign-ups, the company's stock tumbled after reporting a $58.2 million loss on revenue of $4.13 million. The company aims to rival liberal media and compete with tech giants, but its auditor's report raises concerns about its future viability.
- Trump's social media platform says it's above 'traditional key performance indicators.' Its auditor has substantial doubt it can continue as a going concern Fortune
- Trump Media Stock Slumps as Early Fervor in Truth Social Owner Fades The New York Times
- Investors Are Bailing as Fast as They Can From Trump's Broke Company The New Republic
- Trump worth a billion dollars less after Truth Social shares fall Business Insider
- Trump Media stock closes 21% lower after company reports $58 million loss for 2023 CNBC
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