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backers of the social network described it a conservative-friendly alternative to Big Tech platforms that would attract advertisers eager to court former President Donalds Trumps millions of followers.Trump Media is negotiating its debts with lenders.
The disclosure also contains a warning from Trump Media Technology Groups accountants.and the filing includes a warning that its own management has concerns about its ability to pay for the companys liabilities and to meet its obligations to lenders.which indicates that an accounting firm believes a company may not have sufficient cash on hand to pay its debts and could default within the next year.
Trump Media Technology Group.The company reported an operating loss of $23.
3 million in sales through June this year.
The cautionary language by Trump Medias accountants is known as a going concern warning.Senate and House committees have advanced bipartisan bills to tighten controls on the companies.
was among those that refused the Express Scripts contract.Performance fees have also boosted Medicare patients prescription costs at the pharmacy counter by hundreds of millions of dollars.
has closed stores or trimmed staff as it pushes consumers to mail-order pharmacy services.where they say they negotiate lower prices for insurers including Medicare and for employers and their workers.