“All of TRUTH SOCIAL’s competitors, especially those in the Radical Left Democratic Party who are failing on every level, use their vaunted ‘disinformation machine’ to try to trick people into believing the truth, but it’s easy to do. “It’s not that big of a deal and they’re not ‘spreading the word’ like so many other things, but they know it’s false,” Trump said in a post on his website. ” it said in a post on its website.
Truth Social’s parent company; Trump Media & Technology GroupAfter more than two years of delays, the company completed its merger with blank check company Digital World Acquisition Corporation (DWAC) and went public last week.
Trump Media had a strong debut on the stock market, with its stock doing well. Over $79 The price settled around $62 on the first day of trading by the end of the week.
However, the company’s stock price plunged on Monday after the company reported a loss of $58 million in 2023. By market close on Monday, Trump Media stock had fallen. 21.4% decrease The price was $48.66 per share. As of Thursday morning, the company’s stock price was hovering around $47.
President Trump claimed Thursday morning that Truth Social: Over $200 million in cash and “zero debt.” Financial information regarding the company’s first quarter results is not yet available.
Trump media is $300 million inflow From the merger with DWAC. The company earned about $4.1 million in revenue last year and spent about $16 million on operating expenses and $39.4 million on interest expense, according to regulatory filings.
“More importantly, experts say this is the main way I communicate information, and for better or worse, people probably want to hear from me more than anyone else in the world,” Trump said. said.
For more information, read the full report on TheHill.com.
