"Most of its expenses are tied to interest on debt, although TMTG also had around a $16 million operating loss for 2023."
Since the total operating losses were $58 million that's $42 million just for interest on debt! *Interest.* How big is the debt? How was it incurred? This is a social media company using tweaked open source software. They didn't make a new technology, there is no need for a huge investment to get a website running.
Where did they money go?
https://www.axios.com/2024/04/01/trump-truth-social-revenue-2023
myrmepropagandist /
npub1cp…uhrnq
2024-04-03 10:39:32
Author Public Key
npub1cp2pgntkzkpqa23rytnchggwzywyggvst9yzkgd6w8j349ef7s9shuhrnqPublished at
2024-04-03 10:39:32Event JSON
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"kind": 1,
"tags": [
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"content": "\"Most of its expenses are tied to interest on debt, although TMTG also had around a $16 million operating loss for 2023.\"\n\nSince the total operating losses were $58 million that's $42 million just for interest on debt! *Interest.* How big is the debt? How was it incurred? This is a social media company using tweaked open source software. They didn't make a new technology, there is no need for a huge investment to get a website running. \n\nWhere did they money go?\n\nhttps://www.axios.com/2024/04/01/trump-truth-social-revenue-2023",
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}