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Belle of the Ranch

Let's talk about Trump, Truth, and money....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 22 May 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump, Truth, and money....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there internet people, let's bow again. So today we are going to talk about

0:07.0

Trump and truth and numbers. We're going to talk about money. The former president's social

0:19.0

media platform, we have some numbers from the first quarter that we're going to go over.

0:25.0

So it is from TMTG, which is the parent company of Truth Social.

0:31.0

And the numbers indicate that they had

0:35.1

seven hundred and seventy thousand five hundred dollars in ad revenue.

0:43.2

And they had 327.6 million dollars in losses.

0:50.5

I mean that's a pretty big discrepancy that I mean that's that's a lot of money

0:59.3

there it is worth noting that a decent chunk of the $327 million in losses was related to the merger and their one-time

1:17.0

losses. Even setting that aside though that's that's a pretty big gap for a company that has a market value of more than $6 billion.

1:32.3

Billion with a B. of more than six billion dollars.

1:33.0

Billion with a B.

1:35.8

And even if you were to set aside the one-time losses

1:39.7

and the losses in general,

1:41.5

there's still another issue when it comes just to the revenue.

1:47.1

$770,500 this year, 1.1 million last year, their revenue is going down, which is not something you

1:57.5

want to see in a company that is expected to be growing.

2:03.0

Even if you are generous and you say that it's due to ad rates being lower,

2:08.0

which could be true.

2:10.0

That's still... That still would indicate it would probably be a slight decline, but even being

2:21.3

generous it would be running flat as far as usage.

2:26.6

It's just, uh, these are not good numbers for the former president's social media platform.

...

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