Former President Donald Trump launched Truth Social to fight what the company calls liberal bias within Big Tech. After a buzzy initial public offering, the former president stands to personally profit, despite early reports of the company's low revenue and massive quarterly losses. Trump's controlling stake could cover his potential legal obligations, which mounted in the lead-up to his bid for re-election in November 2024.
Former President Donald Trump launched Truth Social to fight what the company calls liberal bias within Big Tech. After a buzzy initial public offering, the former president stands to personally profit, despite early reports of the company's low revenue and massive quarterly losses. Trump's controlling stake could cover his potential legal obligations, which mounted in the lead-up to his bid for re-election in November 2024.
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