Former President Donald Trump said Thursday that media fixation on the $58 million loss of the company behind Truth Social is misguided, touting its fundamentals—which he said include over $200 million cash and no debt—as “very solid.”
President Trump took to Truth Social on April 4 to say that the platform’s performance is “amazing” and its fundamentals are “very solid,” with over $200 million in cash and “zero debt.”
Official first-quarter financial information for Trump Media & Technology Group, the parent company of Truth Social, isn’t available yet.
“Very good for a startup, and growing fast,” President Trump said in a follow-up message, while touting the platform’s growing popularity.
The 45th president’s remarks come after a turbulent week for Trump Media, which went public last week after finalizing its long-awaited merger with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company.
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Trump Says Truth Social’s Financials Are ‘Very Solid’ With Zero Debt and $200 Million Cash as Media Fixates On Last Year’s $58 Million Loss
- by: Tom Ozimek
- 2024-04-04
- Source:
The Epoch Times
- 04/05/2024
President Trump Travels to NC by The White House is licensed under flickr Public Domain Mark 1.0
President Trump Travels to NC by The White House is licensed under flickr Public Domain Mark 1.0
