Truth Social heading for failure?

Since Donald Trump’s social media venture launched in February 2022, Truth Social has lost over $30 million and looks set to become another of Trump's failed businesses


2022-23: Truth Social loses $31.6 million from its launch to mid-2023, securities filing by Digital World Acquisition Corp. – company that plans to merge with Truth Social – shows
                         
2005-11: Trump University ceases operations in 2011 amid lawsuits. Federal judge awards $25 million settlement to 6,000 students of sham university in 2018

1989-92: Trump Shuttle Inc., launched by Donald Trump in 1989, defaults on its loans of $380 million from consortium of banks in 1990. It ceases to exist by 1992

1991-2009: Trump Taj Mahal casino files for Chapter 11 bankruptcy in 1991, followed
by Trump Plaza, Trump Castle, and Plaza Hotel in 1992. Trump Hotels & Casino Resorts files for bankruptcy in 2004 and its successor, Trump Entertainment Resorts Inc., goes bankrupt in 2009
   
2006-07: Trump Mortgage, LLC. Financial services company specialises in selling residential and commercial real estate loans. Venture goes bust within 18 months
   
2005-11: Trump Vodka. Brand of vodka, produced by Drinks Americas under license from Trump Organization, lasts six years
     

Sources: Digital World Acquisition Corp., Reuters 
Pictures: Getty Images 
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