Truth Social — home of Donald Trump's unhinged rants — is bleeding cash

Business

The parent company of Donald Trump’s Truth Socia l media has reported hundreds of millions in net losses. The Trump Media and Technology Group (TMTG) attributed the first-quarter net losses to “unrealised losses on digital assets, digital assets pledged, and equity securities ($368.7 million), accreted interest ($11.5 million), and stock-based compensation ($11.8 million)”. The total losses are the approximate equivalent of £297 million. Net sales were up by six percent year over year, but

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