
Donald Trump's Truth Social has lost $23 million this year. Its accountants warn it may not survive.
CBSN
When Truth Social launched in 2022, backers of the social network described it a conservative-friendly alternative to Big Tech platforms that would attract advertisers eager to court former President Donald's Trump's millions of followers. But a new regulatory filing reveals that Truth Social's owner, Trump Media & Technology Group, has booked only $2.3 million in sales through June this year, while losing 10 times that amount.
The disclosure also contains a warning from Trump Media & Technology Group's accountants, who said they have "substantial doubt about the company's ability to continue as a going concern."
The financial details about Trump Media & Technology Group were made public in a Monday filing from Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, or SPAC, formed to merge with Trump's business. SPACs allow a company to sell shares to the public more quickly than in a traditional initial public offering, which requires more regulatory steps.

Washington — The Senate this week is taking up the massive budget package containing President Trump's second-term agenda, a measure that squeaked through the House with a one-vote margin, solely with Republican votes. Its path through the Senate seems destined to be similarly narrow, with the package almost certain to be revised, since parts of it are opposed by a handful of GOP senators critical to its passage.

This year, WorldPride is coming to Washington, D.C. A series of events, organized by the nonprofit InterPride, aims to bring visibility and awareness of lesbian, gay, bisexual, transgender and queer issues to an international stage. This year's location is leaving the community conflicted about showing up to the nation's capital amid an administration that has targeted them.

A suspect is in custody after what the FBI is calling a "targeted act of violence" at Pearl Street Mall in Boulder, Colorado, on Sunday. We are saddened and heartbroken to learn that an incendiary device was thrown at walkers at the Run for Their Lives walk on Pearl Street as they were raising awareness for the hostages still held in Gaza. My thoughts are with those injured and impacted by today's attack against a group that meets weekly on Boulder's Pearl Street Mall to call for the release of the hostages in Gaza.