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
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How Truth Social Makes Money For Former President Trump
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