Trump Says Truth Social’s Financials Are ‘Very Solid’ With Zero Debt and $200 Million Cash as Media Fixates On Last Year’s $58 Million Loss

Former President Donald Trump said Thursday that media fixation on the $58 million loss of the company behind Truth Social is misguided, touting its fundamentals—which he said include over $200 million cash and no debt—as “very solid.”

President Trump took to Truth Social on April 4 to say that the platform’s performance is “amazing” and its fundamentals are “very solid,” with over $200 million in cash and “zero debt.”

Official first-quarter financial information for Trump Media & Technology Group, the parent company of Truth Social, isn’t available yet.

“Very good for a startup, and growing fast,” President Trump said in a follow-up message, while touting the platform’s growing popularity.

The 45th president’s remarks come after a turbulent week for Trump Media, which went public last week after finalizing its long-awaited merger with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company.

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