Trump’s Truth Social has lost $73 million since its launch, faces potential shutdown
CNBC News reports: Truth Social, the brain child of former President Donald Trump, is hemorrhaging cash. The alternative social media platform has lost $73 million in the less than two years since it launched, according to a new filing from Digital World Acquisition Corporation, or DWAC, the special purpose acquisition company aiming to take Trump Media and Technology Group, or TMTG, public. In its first fiscal year ending Dec. 2022, TMTG, Truth Social’s parent company, lost over $50 million on…