"This number was an utter fabrication," wrote the TMTG in its court filing. "Each defendant, in apparent coordination, reported the exact same false number within approximately 24 hours of one another, each citing a public Securities and Exchange Commission ("SEC") filing in which the mystery $73 million loss appears nowhere."
According to the TMTG, the $73 million loss reported by the media outlets is a mere fabrication. TMTG claims this coordinated effort has negatively impacted its ability to raise capital and pursue a merger with Digital World Acquisition Corporation, a Special Purpose Acquisition Company.
In actuality, TMTG only suffered a net loss of $31.6 million since its establishment in February 2021. The financial breakdown included a net loss of $59 million in the year ending December 31, 2021, a net profit of $50.5 million in the year ending December 31, 2022, and a net loss of nearly $23 million in the first six months of 2023.
In November, The Independent reported that TMTG, as indicated in the filing, has experienced financial challenges, with only $2.3 million in net sales and an overall loss of almost $23 million in the first half of 2023. This, in turn, has caused substantial losses and raised doubts about the company's viability. Furthermore, the TMTG claims that the media outlets failed to publicly apologize for the allegedly false reports or retract the defamatory articles, despite their demands. In response, the TMTG is seeking $1.5 billion in compensatory, special, and punitive damages, along with the income the media companies have generated from the reports. The company has requested a jury trial.Immediately after banning Trump, Twitter started aggressively censoring “medical misinformation.”
‘TF3’ confirms Twitter colluded w/ govt. to censor Trump, tilt 2020 election.
Dump of Twitter Files confirms platform was targeting conservatives, which led to Trump ban.
Sources include: TheNationalPulse.com MSN.com 1 MSN.com 2 Reuters.com Brighteon.comUPDATE: Evidence in Democrat Senator’s investigation traced back to violent crime…
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