COLLAPSE: Trump social media company lost $327 million in Q1

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Published 2024-05-21
-- Trump's social media company, which includes Truth Social, lost $327 million in Q1 this year

variety.com/2024/digital/news/trump-truth-social-m…

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All Comments (21)
  • @rekker2688
    It takes a really stable genius to run a business like that. $327M to make $770K. Pure genius
  • @Raven-si7bm
    FTC needs to shut this ridiculous company down.
  • @Seaneey
    They should be audited. No way anyone can trust any of this.
  • Lost $50m in a year to losing $300m in a quarter? That's some data cost increase.
  • @JohnDoe-sr1dd
    It's as successful as Trump University, Trump Ice, Trump Steaks, Trump Airline, Trump Taj Mahal, yet worth less than the jar of pennies I buried in the back yard.
  • @pman31604
    $770,000 revenue per quarter is less than a Starbucks.
  • @THEhorihito
    Wait... 2023, they had 4M in revenue and a 50M loss... how the fuck did they increase costs to the point that they lost 6x the amount they lost over 4 quarters in just 1?
  • Its time to look at the company expenses. How much of the $327 million loss is being paid in Directors Fee or Dividends to Trump and his family?
  • If a Trump business is losing that much money I would be pretty certain that there is money being funneled off.
  • @MaximoToro
    "actually, this makes him a SMART business man! Now he can report the loses and get even more tax breaks" -Trumpistan
  • @walsterdoomit
    Im tired of winning. Can we make it stop? Vote blue.
  • @charcolew
    Trump's company loses more in a day than it makes in an entire quarter
  • @sidmelucci3675
    In terms more easily grasped by the averagely-incomed (like me): Imagine a child's lemonade stand. Tent, table, chair, cashbox, pitcher, paper cups, ice, lemons, sugar... Total outlay $328. Sales: 7 glasses at 10 cents each. Revenue $0.70, expenses $328.00, net loss $327.30. But not just for start-up–this is ONGOING!
  • @Cuda1963
    But he’s such a great business man, we need him to do for the country what’s he’s done for his businesses, yeah, big hard PASS! Save our country vote 💙💙💙
  • @jad1175
    David: I hope and pray that these jurors realize that the entire future of our beloved country rests in their hands.