Posted 4/4/2024, 3:12:47 PM
Trump's Truth Social Platform Sees Share Price Plunge as Questions Raised Over Viability
- Shares in Trump's Truth Social platform plummeted 21% this week, wiping billions off its value
- Financial filings showed Truth Social made just over $4 million in revenue last year but had $58 million in costs
- Trump defended Truth Social, claiming it has "$200 million in cash and zero debt"
- Experts say Truth Social needs more users to be successful long-term
- CEO Devin Nunes said Truth Social "has no debt and over $200 million in the bank"
