Trump's Social Media Platform Truth Social Faces Financial Struggles with Over $58 Million Loss

💰Truth Social, the social media platform created by former President Donald Trump, reported a loss of over $58 million last year.

📉The revenue of Truth Social was just over $4 million, indicating financial struggles for the platform.

📉Shares of Trump Media and Technology, the parent company of Truth Social, experienced a decline in value.

⏳The board of Trump Media and Technology is discussing whether to grant Trump a waiver on a six-month lockup period.

🤔The decline in financial performance of Truth Social was unexpected, considering the metrics of the company.

What were the financial results of Truth Social?

—Truth Social reported a loss of over $58 million and revenue of just over $4 million last year.

What is the current value of Trump Media and Technology?

—The shares of Trump Media and Technology experienced a decline.

What is the board of Trump Media and Technology discussing?

—The board is discussing whether to grant Trump a waiver on a six-month lockup period.

Why was the decline in financial performance unexpected?

—The decline in financial performance of Truth Social was unexpected due to the company's previous metrics.

What is the category of this video content?

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00:05The parent company of former President Donald Trump's social media platform Truth Social reported a loss of over $58 million last year.

00:09The revenue of Truth Social was just over $4 million.

00:12Shares of Trump Media and Technology, the parent company of Truth Social, experienced a decline in value.

00:21The board of Trump Media and Technology is discussing whether to grant Trump a waiver on a six-month lockup period.

00:35The decline in financial performance of Truth Social was unexpected.