Trump’s Truth Social burns $712 million to make $3.7 million
Trump Media & Technology Group burned through a staggering $712 million last year while bringing in a mere $3.7 million in revenue, a ratio as upside-down as Trump has turned the country.
There’s no actual business here, just a megaphone for a doddering old man.
TMTG has desperately attempted to reinvent itself several times over the last year, from dipping its toes into the murky waters of prediction markets — the company’s director and Donald Trump’s son, Donald Trump Jr., remains deeply involved with both Polymarket and Kalshi — and massive purchases of billions of dollars worth of Bitcoin.
Most recently, the company surprised investors with an unexpected foray into the nuclear fusion industry. In December, TMTG announced it was merging with a fusion power company, TAE, formerly called Tri Alpha Energy — a moonshot energy sector play that could take years, if not decades, to pay off.
The company has also hinted at spinning off Truth Social, which could see it shedding its “communication services company“ label once and for all.
Truth Social is one hell of a scam.
Losses mean nothing. When it's anything Trump, you can be sure that when the dust finally settles over the broken wreckage, it will be other people left holding the bag.
It's okay usually because those people knew what they were getting into. At this point, the only reason anyone knowingly goes into any "business" deal with Trump is that they hope to either extract some sort of favor (like a pardon or fat government contract), or to otherwise get close to him and bask in the fringes of his power. All the while laboring under the complete delusion that they'll somehow get by without getting absolutely fucked over like everyone else that has ever come before them.
# ...$3.7 million in revenue...
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Even *that* much is apalling.
# ...Donald Trump Jr., remains deeply involved with both Polymarket and Kalshi — and massive purchases of billions of dollars worth of Bitcoin.
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Well, the turd doesn't flop far from the bull.
I don't think Junior has the animal cunning or charisma of his old man.
May he wear the jumpsuit The Criminal may likely escape. Same goes for the whole family.