>> Joining me right now is the head of Trump Media and Technology Group, he is the CEO, Devin Nunes. Devin, it's great to have you this morning, thanks very much for being here. >> Always a pleasure, Maria. >> I was looking at the filing to the Securities and Exchange Commission and the loss, when would you expect this company to turn profitable? >> Well, look, it's important to remember, Maria, that those numbers are based on what was the longest IPO in history. So we were over-regulated. So if you actually look at the cost that we built True Social, our beachhead against big tech, an impenetrable beachhead that everybody said couldn't be done without using big tech companies, that was built for a fraction of what many of these big tech dinosaur companies were built for. So even if you take the ridiculous costs that it took us to get to this point, we are well positioned. Why are we well positioned? Because we have no debt. We're coming out of this with no debt, a platform that works really, really well, that communicates to millions of people. And then we have $200 million in the bank. So as you move forward here, we're looking at the entire ecosystem. What does it take to make sure that we protect people in the United States and around the globe from these tyrants of big tech who want to silence them? So we're looking at the whole ecosystem, whether that's through acquiring technology, whether that's through building technology. Those are all the issues that we're focused on, and including making sure that we're dealing with a three-year plan here where we can go out and put this whole company together where we're not relying on big tech. There's never been a company like this, and we're really the only game in town that can accomplish this. And Maria, you talk about something that's amazing. I think this is the most amazing part about our company, the retail investors. So when we went out to get this merger, it took a while. One of the reasons, not just the regulation, but we had almost 400,000 people, retail shareholders, who had invested in this company. Now guess what's happened over the last couple of weeks? We think we've added over 200,000 new retail investors. I would say there's not another company out there that has retail investors like this. Okay. I want to take a short break. I want to ask you if your audience is growing, and what the business model is. Is it advertising, or as you say, building out the ecosystem? Stay with us. We've got more with Trump Media CEO Devin Nunez when we come right back. Is it just about elections, the conversation, or is it broader than that? What can you tell us about the users of Truth Social right now, and how they compare to your competition on Instagram, and Facebook, and Twitter? Well, look, we're the only game in town. I mean, obviously, those companies have been around for a decade, two decades, sometimes longer, and after that, we're the next big game in town, and we're the only one that's going to be able to compete with them. So as you'll remember, one of the things we set out to do when we built Truth Social was we looked at what's the best of Facebook, what's the best of Instagram, what's the best of TikTok, what's the best of Twitter? How do we put it into one app? Well, now we're doing something, been testing something that no one's done, and that is, how do you give a home to cancel channels, to cancel documentaries? How do you put streaming into our app? That's something that we're testing. We have tens of thousands of people that are actually now using it, and Maria, what we're actually looking at is, you know, people are cutting the cord. So you have these legacy big companies, cable companies, satellite companies, et cetera. So how do we take the best of, say, a Netflix, an Xfinity, a Sling, and how do you put that integrated into our app where ultimately it can also be used to cut the cord as people want to get to more family-friendly, pro-American type of content? That's what we're going to provide. Now, look, we're a home for everybody. We're a home for everybody, which is why it's not just President Trump, one of the most iconic brands in the last hundred years. I mean, that's a big reason why, you know, we know that we're popular, but at the same time we're building quality technology that works and is unbreakable. Devin, before you go real quick on China, how worried are you about TikTok, the misinformation campaign as the CCP tries to infiltrate and get involved in our election in November? Well, look, it's about 100% chance, and it always happens, and it's happened forever. I mean, it's, you know, Russia's done it. China, remember in the old Russia thing, it's like, okay, yeah, the Russians do something. Yeah, the Chinese are going to do something. But don't forget, probably the worst is the Democrats who control Facebook and Instagram and the other censoring conservative thought. Okay, we'll leave it there. Devin, great to have you this morning. Trump media CEO Devin Nunes.
Transcribed automatically. Expect errors in names and numbers.
