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

Amid market gyrations of the company behind Truth Social, former President Donald Trump insists its fundamentals are ’very solid' and its future bright.

This illustration photo shows a person checking the app store on a smartphone for Truth Social with a photo of former President Donald Trump on a computer screen in the background, in Los Angeles, October 20, 2021. Chris Delmas/AFP via Getty Images

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.”