Trump’s social network is nearing bankruptcy

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Trump’s social network is nearing bankruptcy

A recently disclosed financial document from Digital World company shows that Truth Social, the social network owned by former US President Donald Trump, has incurred a net loss of $73 million since its official launch in February 2022.

Digital World company, a business partner of Trump’s media and technology group, estimates the latest value of Truth Social network’s shares to be between $5 million and $25 million.

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