tmtg

Enterprise, Media & Entertainment

“Unveiling “Truth Social”: Trump’s Innovative Platform for Live TV Streaming”

Truth Social, the social media platform owned by Donald Trump’s media company, has announced plans to launch a live TV streaming platform. The streaming service will launch in three phases. The company first plans to introduce Truth Social’s CDN (content delivery network) for streaming to the Truth Social app for Android, iOS and the web. Next, Truth Social plans to release over-the-top (“OTT”) streaming apps for phones, tablets and other devices. Truth Social went public last month after shareholders approved a merger of TMTG and Digital World Acquisition, a special purpose acquisition company (SPAC).

Zara Khan
April 16, 2024

Enterprise, Fintech, Media & Entertainment, Startups, Venture

How Trump’s Revolutionary Digital Venture Sets Itself Apart from Fellow Struggling Startups

Former president Donald Trump’s digital media company is losing money, and lots of it. But why is that any different from other “startups,” which often struggle to post a profit for years, if they ever do? Truth Social, the main business of TMTG, has failed to attract more than a few million users. Truth Social, the main business of TMTG, has failed to attract more than a few million users. By the time Trump is able to sell his shares, it’s likely this company will be worth anything like what it supposedly is today.

Kira Kim
April 1, 2024

Uncategorized

“Truth Social SPAC: Covering Trump’s Exorbitant Legal Expenses Pending Board Approval”

Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. And that’s without reckoning with the questionable success of Truth Social, the partisan social network hurriedly stood up after the former President was booted from Twitter. TMTG reportedly had a net loss of around $49 million in 2023, on revenues of under $4 million — not exactly hot numbers. There’s no doubt that many, many shareholders in the newly public TMTG will sell their shares as soon as possible. But if Trump wanted to finance his current liabilities, he’d have to sell some 12 million shares at the current price — around 15% of his total stake.