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Describing Truth Social as a "terrible name", Musk joked that it should be renamed "Trumpet". [141] [142] Following Musk's comments on Twitter, the Truth Social app rose in popularity, returning to the number 1 position for free iOS apps on Apple's App Store on April 30, with the Twitter app at number 2; DWAC shares also rose in value. [143] [144]
Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long ...
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”.
“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.
Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the platform formerly known as Twitter ...
An investment company created by two of Truth Social's cofounders has unloaded more than 7.5 million shares in Donald Trump's social media company, marking the first insider transaction since the ...
On February 21, 2022, TMTG released Truth Social, a competitor to social-media platforms such as Twitter, on iOS. Truth Social had trouble hiring due to its political associations. In early April 2022, Reuters reported that the company's head of technology and head of product development had resigned after the network's "troubled" launch. [47]
Truth Social has been a joke from the inception — a joke on many of the same people still flying "Trump Won" flags from their front yards or wearing red MAGA hats in mixed company.