Will Truth Social solve Donald Trump's money problems? - BBC News

Trump Media lost nearly $60m last year. So how is it worth billions? We explain the ex-president's windfall.

6 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesBy Natalie Sherman & Chris NewlandsBusiness reporters, BBC NewsThe share price of Donald Trump's media company has fallen from last week's high when it officially listed on the Nasdaq stock exchange.

But it is still worth more than $7bn (£5.6bn) at current prices - an astonishing sum given the business behind it.

So what is the Truth Social platform, who owns it, how many users does it have, and how much money does it make? And is it the answer to Mr Trump's spiralling legal bills?

Trump Media & Technology Group was founded in 2021 after Mr Trump lost the presidential election and was temporarily booted from major social media platforms, including Twitter and Facebook, which accused him of inciting violence.

The idea was pitched to him by two men, former contestants on his reality TV show, The Apprentice, who saw an opportunity to create an alternative to the mainstream social media sites.

https://www.bbc.co.uk/news/business-68716628

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