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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!