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Truth Social (stylized as TRUTH Social) is an alt-tech [4] [5] [6] social media platform owned by Trump Media & Technology Group (TMTG), an American media and technology company majority-owned by 45th U.S. president and current President-elect Donald Trump. [7]
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 ...
The company is losing money, generating very little revenue and Truth Social remains a relatively tiny player in social media. “If this wasn’t Trump, this thing would be trading at $1 ...
On November 19, 2022, Twitter's new owner, Elon Musk, reinstated his account, although Trump had stated he would not use it in favor of his own social media platform, Truth Social. [6] The first tweet since 2021 was made in August 2023 about his mugshot from Fulton County Jail, [7] but the account remained inactive until he tweeted again in ...
“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.
On February 21, 2022, TMTG launched the social network Truth Social. By April 2023, Trump reported earning less than $201 from TMTG. [23] On June 8, 2022, Trump and five others, including Trump Jr., Patel and Glabe left TMTG's board before the SEC and the Manhattan grand jury investigating Trump's business practices issued subpoenas.
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 ...