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trump’s Truth Social Has Lost $73M Since Launch, New Filing Shows. Well, there's a surprise lmao!

"WHHHUUUHHHHH!?"

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Pfuzylogic · M
He lost his ability to run a business in New York today.
What a candidate for President!
Vin53 · M
@Pfuzylogic Probably the only way he can avoid losing more money.
Pfuzylogic · M
@Vin53 He has a bad habit of fraudulent business behavior.
Just like he ran his charities.
Vin53 · M
I just wish that I could celebrate with some trump Vodka and a nice, juicy trump Steak.
whowasthatmaskedman · 70-79, M
Trump has reached the stage in his Media scam where he has the option of letting Schroedingers cat die, or putting his own money into the venture to keep it alive.. And I am positive I am looking at one dead cat...😷
justanothername · 51-55, M
@whowasthatmaskedman Hopefully his base supporters will come up with the millions needed to save truth social and bankrupt themselves in the process. Of course they will all blame leftist media outlets for the failure of Truth Social.
whowasthatmaskedman · 70-79, M
@justanothername Yes. And it is the behaviour of the followers that defines a cult..These people are the current franchise of the Flat Earth Society. Every piece of factual evidence you show them is part of the deep state cover up and they arent going to hear anything else. There is no point it trying to save them..😷
justanothername · 51-55, M
He’s demonstrating how to make America great again by running his own business into the ground.
$73 million loss, that's a lot. BUT!

To be fair, Trump has lost about $25 billion LESS than Elon Musk lost when HE went into the social network business!!
Dlrannie · 31-35, F
Yet another of his great business success stories 😂😂😂
sunsporter1649 · 70-79, M
SW-User
Not surprising, since it basically existed for one purpose only:

Vin53 · M
If you invested in Truth Social A) WTF were you thinking? and B) HAHAHAHAHA
sunsporter1649 · 70-79, M
How's it going at cnn+?
@spjennifer According to Quora, it's payback for one of Trump's dirty deeds.

Back in the 80s, when Atlantic City was in its heyday, Donald Trump was the big shot in that city. He carried a lot of clout. He had a tremendous amount of influence and the major resort of Atlantic City, Trump Taj Mahal. During this period,. a Las Vegas casino owner by the name of Steve Wynn decided he wanted to open a resort casino in Atlantic City. The only problem he ran into was his inability to get a gaming license. Seems Mr. Trump used his considerable influence to make sure his rival did not get the gaming license. He was successful. Mr Wynn was denied his gaming license.

So he scrapped his plans and focused on Las Vegas — selling his ownership of the Golden Nugget downtown and first building the Wynn Resort, followed by the Encore Resort. Both of the Resorts set new standards in the resort industry — a standard that all the other resorts try to match.

Now fast-forward 25 years. Atlantic City is a ghost town — a shell of its former glory. But Las Vegas has continued to grow and prosper. Enter Mr. Trump and his massive ego. He breaks ground and is building the Trump International. This is originally being built and sold as a high rise condo complex. But the economy and real estate in particular are in the tank, meaning no buyers. So it was converted into a hotel. What does a hotel in Vegas need.? A casino, of course. First order of business is that gaming license. Well, some people don't forget the past. And you guessed it — Mr Wynn, who is the man in Las Vegas, decided to show that turn about is fair play. He used his clout and influence and returned the favor. Mr Trump was never able to procure his gaming license.

That is the true behind-the-scenes reason why the Trump International in Las Vegas has no casino.
sunsporter1649 · 70-79, M
@ElwoodBlues The Riviera, Lucky Dragon Las Vegas,
spjennifer · 61-69, T
@ElwoodBlues Dunno, I might classify that as "fake news" but it is definitely possible, just there's no evidence tRump ever applied for a license.
Northwest · M
He made a lot of money selling his name to the network. All he has to do, is post stuff occasionally. He did not up any cash himself. Melania got her own share, separate from his. I don't know who insisted on that arrangement.

The group that put up the investment must be shitting bricks, but fuck them.
whowasthatmaskedman · 70-79, M
@Northwest His payday was coming when the business was sold to the investment company. Now pretty much all the investors have pulled their money and the expenses and capital remained are on a collision course. It needs more cash that no one wants to put in while the project is under SEC investigation.😷

 
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