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In late August 2022, Fox Business reported that Truth Social's hosting company RightForge claimed it was owed $1.6 million by Truth Social and was threatening to take legal action. [156] In early September 2022, Digital World Acquisition Corp. (DWAC), the SPAC set to acquire TMTG, secured an extension from shareholders for up to six months for ...
Trump Media hasn't so far disclosed Truth Social's user numbers. But research firm Similarweb estimates that it had roughly 5 million active mobile and web users in February.
He told Fox Business last month that Truth Social would be up and running by the end of the first quarter of 2022. A note on the app’s Apple Store page indicated “Bug Fixes” Sunday night ...
“The stock price of Truth Social is unconnected to the reality of the financials of the firm. In the first quarter of 2024, the firm lost $327 million on revenues of only $770,500.
A 2022 Pew Research Center survey — the most recent one available — found that while 27% of Americans had heard of Truth Social, only 2% used it to get their news. Still, the site fared better ...
President-elect Trump on Friday said talk that he would sell his shares in Truth Social was “untrue” and called for anyone who spread such rumors to be “immediately investigated.” “There ...
Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which ...
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”.