Truth Social, the social media platform launched by former President Donald Trump, reported a $26 million net loss and generated only $1.07 million in revenue during the third quarter of 2023, according to SEC filings. Despite being Trump's primary channel for communicating with his supporters, the platform has struggled to translate his political popularity into financial success.
You know why Truth Social has such lousy traffic? Because Trump's low information base gets their news from Fox.
Donald Trump just incriminated himself on Truth Social: Legal analyst https://t.co/sxeneVeAYk
Delving deep into the Washington Post today and I have to tell you frankly— I’m surprised it’s not losing $200 million instead of $100 million. What a dried-up husk of a once-great if deeply annoying paper.
$DWAC is the perfect horrible SPAC "Truth Social reported just $1m in revenue and a $26m net loss for Q3 2023."
$DWAC (+1.8% pre) Trump's Truth Social kept losing money in Q3 2023 - Axios https://t.co/XAsge7CWj4
Truth Social has become Trump's main means of communicating with the masses, but it hasn't yet leveraged his political popularity into a a financially sustainable business. https://t.co/jpyYEDGEbl
The Washington Post Lost A Staggering Amount Of Money In 2023 Alone https://t.co/mWx7uTQGoE
Former President Trump's social media platform, Truth Social, generated just $1.07 million in revenue during the third quarter of 2023, according to SEC filings. https://t.co/77l0fOSgHU
Trump's Truth Social kept losing money in Q3 2023 https://t.co/2vcQsPh5R6