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Trump’s Truth Social Has Lost $73M Since Launch, New Filing Shows
(www.hollywoodreporter.com)
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this post was submitted on 14 Nov 2023
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politics
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There are a number of details in the article which explain where the money went. Did you read it?
There is nothing explaining expenditures at all. They state they downsized and eliminated development of VOD. They also said they probably cannot secure additional financing.
I don't find it that hard to believe they burned through that cash. It's a lot of money but they probably signed massive deals with overpriced, incompetent consultants that subcontracted to overpriced, incompetent outsourcing.
They probably also went nuts on infrastructure again through a few layers of b.s., each of which took a cut.
Anyone who thought a site like this was going to be profitable in first few years, or really ever, is nuts. I mean the man ran a casino into the ground.