Truth Social Faces Questions Over Finances and Growth Potential

Fox News host Maria Bartiromo confronted Truth Social CEO Devin Nunes over the company recently losing $4 billion in market value.
Shares in Trump Media & Technology Group (TMTG), whose main asset is Truth Social, tumbled 21% on Monday, wiping billions off its value.
Regulatory filings showed Truth Social made just over $4 million in revenue last year but had $58 million in costs and an operating loss of nearly $16 million.
Nunes claimed Truth Social was built for a fraction of the cost of "dinosaur tech companies" and has $200 million in the bank with no debt.
Experts say Truth Social needs to gain more users to successfully turn a profit, as companies like Amazon and Facebook did.