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.
Chapters:
00:00-01:11 Cold Open
01:11-03:27 Chapter 1 – Truth Social
03:27-06:29 Chapter 2 – Initial Public Offering
06:29-08:29 Chapter 3 – Donald Trump’s controlling stake
08:29-11:32 Chapter 4 – Election implications
Produced by: Carlos Waters
Edited by: Nora Rappaport
Supervising Producer: Lindsey Jacobson
Animation: Christina Locopo, Emily Rabbideau
Additional Footage: Getty Images
Additional Sources: Associated Press, Clemson University, Nasdaq, Securities and Exchange Commission, SimilarWeb, Stanford Law, Trump Media & Technology Group, University of Notre Dame, Vanguard
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to stop worrying about money? Sign up for CNBC’s new online course Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure. We’ll teach you the psychology of money, how to manage your stress and create healthy habits, and simple ways to boost your savings, get out of debt and invest for the future. Start today and use code EARLYBIRD for an introductory discount of 30% off through Sept. 2, 2024: https://cnb.cx/3WiasGB
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
How Truth Social Makes Money For Former President Trump
source
