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The Daily Beast

The Daily Beast

Partners at EF Hutton, the Firm Backing Truth Social, Spent Money on Prostitutes, Drugs, Strippers and Gambling, Lawsuits Say

The Daily Beast
Summary
Nutrition label

68% Informative

Wall Street firm backed Donald Trump's social media platform, Truth Social , underwritten by EF Hutton , is also being investigated for securities fraud.

Trump Media & Technology Group formed in Oct. 2021 , Trump announced the formation of Trump Media and Technology Group .

Truth Social's parent company lost $58 million in 2023 , despite claiming to be valued at several billion dollars .

VR Score

68

Informative language

67

Neutral language

4

Article tone

formal

Language

English

Language complexity

57

Offensive language

likely offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links