Comments by "Otay Buckwheat" (@OtayBuckwheat) on "Former US AG predicts a mass exodus of NYC businesses after Trump ruling" video.
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Citizen Trump's social media platform, Truth Social, generated just $1.07 million in revenue during the third quarter of 2023, according to SEC filings.
Truth Social has become Trump's main means of communicating with the masses, but it hasn't yet leveraged his political popularity into a a financially sustainable business.
By the numbers: Truth Social's parent company, Trump Media & Technology Group, generated a total of $3.38 million in revenue for the first nine months of 2023.
It reports a $49 million net loss during the same period, including around $26 million in Q3.
The company's cash-on-hand dwindled to just $1.8 million at the end of September, compared to $2.4 million at the end of June, while its total liabilities climbed nearly 72% to $60.5 million.
Like his other businesses, it's a money pit and a failure.
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