Journalists covering the President and the administration dutifully follow and quote from Truth Social and while they must and the content of the posts matter, it is nevertheless relevant to be aware of some facts regarding it. I ran across these in a CBS news article which I saw on Google News.
- The headline of the piece read: Trump Media replaces CEO Devin Nunes as its losses top $1 billion.
- Truth Social has struggled to attract advertisers
- The company’s revenue has risen %1.8 over the past year while its losses are over $1 billion since it went public 2 years ago
- The stock price fell %58 over the last 12 months erasing much shareholder’s value
- The value of the company was $10 billion when it went public in March 2024
- Its current market capitalization is said to be $2.7 billion
- On Earth Day 2026, (APRIL 22ND) the stock traded at $9.78
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