Trump Media CEO Nunes Discusses Profit Potential of Truth Social Platform
Monday, 8 April 2024, 01:20
Nunes Optimistic About Truth Social Parent Company
Trump Media CEO Devin Nunes expressed confidence in the profitability of the parent company of Truth Social platform despite recent criticisms. Nunes highlighted the company's lack of debt and financial strength, emphasizing its strategic position in the market.
Financial Performance
- Revenue: The parent company generated about $4.1 million in revenue last year.
- Profitability: Nunes stated that the company is well positioned to turn profitable due to a solid financial position.
- Stock Performance: Former President Trump's media company faced stock price declines following regulatory filings showing a loss of $58 million.
Despite challenges, Nunes remains optimistic about the success of Truth Social platform.
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