Truth Social is profitable
From
Joseph Pereira@1:103/705 to
All on Thu Nov 12 03:26:49 2026
While Trump's company made a loss of almost $55 million last year, it has now made a profit of no less than $409 million.
Not with the social media platform, but purely through trading in crypto.
The company owns 15,600 bitcoins.
Trump owns 41% of the shares and his eldest son is officially the manager.
The company's 'profit' mainly consists of price gains on bitcoins. If the price falls again, as happened after the closing of the books, another loss will have to be announced.
Owning bitcoins as your main source of profit, in my opinion, is not really a very business basis for a company. As soon as the light goes out for bitcoins, it is also over for Truth Social, because the rest of the company is heavily loss-making.
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