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Trump’s Truth Social Has Lost $73M Since Launch, New Filing Shows
(www.hollywoodreporter.com)
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this post was submitted on 14 Nov 2023
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Can someone explain how this website lost millions? Given that this size was not that big, I fail to see how it could cost this much in admin and Server cost. Even some better known commercial shops will hardly hit 5digits in monthly server costs, plus salaries for 1-3 admins and support staff, and maybe advertising costs.
37million sounds like something they pulled out of thin air, maybe for some bookkeeping fraud or tax write off...
Fraud.
I'm thinking it may also be money laundering. Maybe it's both!
Some people gut very lucrative contracts out of it. Some influential public person endorsing this shit heavily? Pay him big money. Really big money. The biggest money ever seen.
Especially since they're just using existing software, they're not even implementing their own…
The classic Trump way, receive investment money and then pay yourself that investment money and more. Take out loans in the company's name and eventually asset strip it to pay yourself again.
You are forgetting how much Trump has to pay Tim Apple. SAD!
Very unfair, but he is looking at it strongly