• Neuromancer@lemm.ee
    153·
    10 months ago

    It in the article

    Trump Media, which owns the Truth Social app often used by the former president, also reported revenue of just $836,900 for the quarter ending June 30, a 30% drop from the same period in 2023

      • Neuromancer@lemm.ee
        48·
        10 months ago

        If the numbers are content. That’s about 3.2 million in revenue and 64 million loss per year.

        While people want to clap over that. Many companies are not profitable their first few years.

        I work for a tech company. We are well known, bring in billions but one made a profit once or twice in twenty years.

        Prior company the same.

        It’s amazing that you can bring in billions and still not make a dime

        • Flying Squid@lemmy.world
          3·
          10 months ago

          Many companies are not profitable their first few years.

          Especially if they’re a Twitter ripoff with one single user being the only one anyone cares about in terms of who posts.

          In fact, I’m going to make a, what I feel is pretty safe, prediction that Truth Social also won’t make a profit over their last few years.