Trump Says Truth Social’s Financials Are ‘Very Solid’ With Zero Debt and $200 Million Cash as Media Fixates On Last Year’s $58 Million Loss

Published on April 5, 2024

Former President Donald Trump said Thursday that media fixation on the $58 million loss of the company behind Truth Social is misguided, touting its fundamentals—which he said include over $200 million cash and no debt—as “very solid.” President Trump took to Truth Social on April 4 to say that the platform’s performance is “amazing” and its fundamentals are “very solid,” with over $200 million in cash and “zero debt.” Official first-quarter financial information for Trump Media & Technology Group, the parent company of Truth Social, isn’t available yet. “Very good for a startup, and growing fast,” President Trump said in a follow-up message, while touting the platform’s growing popularity....

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