"Trump's Truth Social Faces Financial Struggles, While Just Jared Expands Coverage"

Financial details of former President Donald Trump's Truth Social platform have been disclosed for the first time, revealing that the platform generated $3.7 million in net sales but suffered losses of $73 million since its launch in early 2022. The disclosure, made by Trump Media & Technology Group's SPAC merger partner Digital World Acquisition Corp, indicates that Truth Social has not been able to convert its user base into significant revenue. The financial situation of Trump Media & Technology Group raises doubts about its ability to continue as a going concern, and the completion of its merger with Digital World Acquisition Corp is crucial for its survival. The filing also reveals that Trump's controlling stake in TMTG is valued between $5-$25 million.