Enjoying the TS Tailspin
Thought I’d compare with the “Failing” New York Times
First the Times—here’s their Sep 2023 financials compared year over year with their Sep 2022 financials. Basically, the Times makes a tidy profit and it’s revenues, net income, and profit margin are all up significantly from last Sep, while Truth Social has pretty much flat lined right out of the gate, since inception.
So much (for) WINNING.
(USD) |
Sep 2023 |
Y/Y |
Revenue |
591.55M |
9.47% |
Net income |
53.62M |
46.42% |
Diluted EPS |
0.32 |
45.45% |
Net profit margin |
9.06% |
33.63% |
Operating income |
68.52M |
55.22% |
“Since launching in early 2022, former President Donald Trump‘s Truth Social took in $3.7 million in net sales, and lost $73 million,” the Hollywood Reporter reports.
“The numbers are the first time that any internal financial details on the social platform have been shared publicly, and they suggest that while Trump has made Truth Social his primary social media platform, it has not been translating into meaningful revenue for the tech startup.” www.hollywoodreporter.com/...