I spent 24 hours on Trump's Truth Social. No wonder it's tanking
8 months, 3 weeks ago

I spent 24 hours on Trump's Truth Social. No wonder it's tanking

LA Times  

You’ve likely heard of former President Donald Trump’s mouthpiece and social media platform, Truth Social. His posts are a mix of loud, Trumpian ALL-CAPS warnings — “UNDER CROOKED JOE BIDEN WE HAVE BECOME A THIRD WORLD NATION”— and run-on, word-salad grievances: “I’ve just posted a 175 Million Dollar Bond with the sadly failing and very troubled State of New York, based on a Corrupt Judge and Attorney General who used a Statute that was never used for this before, where no Jury was allowed, my financial statements were conservative and had a 100% perfect caution/non-reliance clause, there were no victims, there was no crime or damage, there was only success and HAPPY BANKS.” To sign up for a Truth Social account, one must consent to receive text “updates” from the platform, and that Google Voice number designed to receive all your trash-bin spam calls and texts won’t work. Recent estimates from Similarweb show Truth Social has roughly 5 million active monthly users, compared to X’s estimated 368 million monthly users or Facebook’s 2.9 billion. Advertisers also like lots of users, and the platform’s ads — or lack thereof — are indicative of the challenges Truth Social has faced in finding companies willing to spend on Trump’s platform.

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History of this topic

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics
1 month, 1 week ago

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. New York University professor Scott Galloway said on the podcast Pivot last Friday that …

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
1 month, 2 weeks ago

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory

Hindustan Times  

Former US President Donald Trump has finally broken his silence on social media following his recent election victory, addressing speculation around his investment in Truth Social, the platform he founded after his Twitter ban in early 2021. REUTERS/Jonathan Drake/File Photo Earlier rumors had circulated that Trump might sell shares in Truth Social, which he strongly refuted in a statement, calling …

Trump promises he won't sell Truth Social shares, calls for investigation into rumors
Trending News
1 month, 2 weeks ago

Trump promises he won't sell Truth Social shares, calls for investigation into rumors

Salon  

Donald Trump promised not to sell off shares of Truth Social's parent company and called for an investigation into rumors that he would on Friday. Trump's commitment to his stock came in a post to his social media platform, his first written post to the site since his election victory. "There are fake, untrue, and probably illegal rumors and/or statements …

'Truth Social is dead in the crib' after election win: analyst
Trending News
1 month, 2 weeks ago

'Truth Social is dead in the crib' after election win: analyst

Raw Story  

Donald Trump's Truth Social platform may have its future as a viable — yet money-losing — site impacted now that the former president is headed back to the Oval Office, according to an analyst. He added that the Trump win could end up being his Truth Social investor's loss – particularly if he sells off a substantial amount of stock …

Truth Social: Why Trump being president again is horrible for his social media company.
Top News
1 month, 2 weeks ago

Truth Social: Why Trump being president again is horrible for his social media company.

Slate  

At least the stock market is happy about the election. One big mover on Wednesday, though, was nonsense: Trump’s social media company, Trump Media and Technology Group, rose by 6 percent, beating an already hot market. Although his victory has already been good for Trump Media stock, his return to power is unambiguously horrible for Truth Social’s actual business. But …

Donald Trump’s fortune to jump by $1.4bn
1 month, 2 weeks ago

Donald Trump’s fortune to jump by $1.4bn

The Telegraph  

Truth Social, which functions similarly to Twitter, has largely been seen as a microphone for the Republican candidate and former president. Although Mr Trump has recently started posting regularly on the app, now called X, he continues to post frequently on Truth Social. On Tuesday night TMTG published quarterly results showing it brought in revenue of just $1.01m in the …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
1 month, 3 weeks ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

'What idiots we are': Truth Social users lose hundreds of thousands of dollars to scammers
2 months, 2 weeks ago

'What idiots we are': Truth Social users lose hundreds of thousands of dollars to scammers

Raw Story  

A new report has published detailed complaints from users of former President Donald Trump's Truth Social app describing how they were fleeced by the site's hordes of scammers — including some who lost six-figure sums. According to Gizmodo' tech reporter Matt Novak — who filed a Freedom of Information Act request to the Federal Trade Commission seeking complaints about scams …

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
3 months ago

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling

Raw Story  

Former President Donald Trump can now start selling his Truth Social stock after a 6-month "lock-up" period has finally expired. When Trump Media and Technology Group — trading as Trump's initials, $DJT, on the Nasdaq Composite — launched its initial public offering in late March, one share would set an investor back by almost $71. But his majority stake, which …

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
3 months, 1 week ago

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?

NPR  

Truth Social reaches a tricky milestone. The parent company of Truth Social, the social media company majority-owned by former president Donald Trump, is turning a complicated corner on Thursday. "The stock price of Truth Social is like his crowd size," said professional investor Matthew Tuttle, in a reference to Trump's ongoing fixation with the attendance at his rallies and other …

Trump’s $2B decision: Former president vows to hold onto social media venture stock
3 months, 1 week ago

Trump’s $2B decision: Former president vows to hold onto social media venture stock

Politico  

“I don’t need money,” Trump said during a press conference in California, in response to a question. “I have absolutely no intention of selling.” He added: “We built this platform, and the reason I built it was I don’t want to have my voice shut down.” The $2 billion question of whether Trump will sell has hung over Trump Media …

Truth Social stock plunges by more than 15 percent after widely panned Trump debate
3 months, 1 week ago

Truth Social stock plunges by more than 15 percent after widely panned Trump debate

Raw Story  

Shares in former President Donald Trump's Trump Media and Technology Group, the parent company of his Truth Social network, took a nosedive in early trading on Wednesday, plunging by more than 15 percent shortly after the opening bell on Wall Street. The dive in Truth Social shares came after Trump delivered a widely criticized debate performance against Vice President Kamala …

Trump’s Truth Social parent company stock price falls to all-time low
3 months, 2 weeks ago

Trump’s Truth Social parent company stock price falls to all-time low

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stock in Donald Trump’s media company hit its lowest level …

Truth Social stock has lost more than 40 percent of its value in just over a month
3 months, 3 weeks ago

Truth Social stock has lost more than 40 percent of its value in just over a month

Raw Story  

Shares in the Trump Media and Technology Group Corporation have continued their downward spiral and now stand at their lowest value since shares became publicly traded. As USA Today notes, Trump Media shares closed at a record low of $20.99 per share on Tuesday -- and have since sunk lower and are trading in the $19 range as of this …

Column: Trump’s Truth Social stock is circling the drain
4 months ago

Column: Trump’s Truth Social stock is circling the drain

LA Times  

Former President Donald Trump: Is he laughing at the investors enticed into his Truth Social? Hiding in plain sight in the first annual report issued by the parent company of Donald Trump’s Truth Social platform was a statement of inescapable, well, truth. Issued, perhaps appropriately, on April 1 by Trump Media and Technology Group, the report said: “The value of …

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst
4 months, 1 week ago

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst

Raw Story  

Donald Trump's appearance on X Monday night should deeply concern a surprising group of people, a Slate analyst argues — his shareholders. "Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company," Kirshner writes. " Trump Media, the eponymous parent company of the former president's Twitter-adjacent site Truth Social, lost 5 percent of …

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.
4 months, 1 week ago

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.

Slate  

Donald Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company, and you’ll never guess what happened next. Rather, Trump Media is a $5 billion company because some of Trump’s fans think it is cool to own a company that trades as $DJT and supports Trump. Nowhere in the company’s “risk factors” filed …

Truth Social tanks as Donald Trump returns to X
4 months, 1 week ago

Truth Social tanks as Donald Trump returns to X

Salon  

Donald Trump’s social media network Truth Social is rapidly declining in value as the former president has started posting on X for the first time in over a year. Over a three month period that ended June 30, Truth Social’s parent company, Trump Media & Technology, lost more than $16 million. Many investors hoped the 2024 election would be a …

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue
4 months, 2 weeks ago

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s social media company Trump Media and Technology Group …

Trump’s Truth Social nears lowest audience mark since its launch, report says
4 months, 3 weeks ago

Trump’s Truth Social nears lowest audience mark since its launch, report says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Trading Trump: Truth Social’s first month of trading has sent investors on a ride
7 months, 4 weeks ago

Trading Trump: Truth Social’s first month of trading has sent investors on a ride

Associated Press  

WASHINGTON — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “It’s everything out of the ordinary,” said Julian Klymochko, CEO of Calgary-based Accelerate Financial Technologies Inc. “I …

Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep
8 months, 1 week ago

Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep

LA Times  

With their life savings, childrens’ college funds and their own retirement prospects at stake, most people probably view investing in stocks as a serious business. “I think they’re dopes,” the veteran entertainment executive Barry Diller said of Trump Media’s investors during a CNBC appearance on April 4. One covered the downsides of Trump Media’s linkage with Trump — that Truth …

Trump's Truth Social Stock Is Plummeting — Again
8 months, 1 week ago

Trump's Truth Social Stock Is Plummeting — Again

Huff Post  

LOADING ERROR LOADING Shares of Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, plummeted Monday after the struggling business filed to potentially increase the number of shares for sale. Trump Media’s stock has been in a downward spiral since the company went public last month following a merger with a shell company. Trump’s company …

"Every time I buy more, the price drops more": Trump supporters grapple with Truth Social losses
8 months, 1 week ago

"Every time I buy more, the price drops more": Trump supporters grapple with Truth Social losses

Salon  

Investors in Truth Social, the Donald Trump-backed social media platform, watched their share prices plunge from $66 in its public debut in March to just $32 last Friday. “I have no doubt it’s going to explode sometime.” Many users of Truth Social, taking the former president's lead, migrated there from Twitter, now X, after the former president accused the platform …

Truth Social shares hit grim milestone as price sinks again
8 months, 1 week ago

Truth Social shares hit grim milestone as price sinks again

Raw Story  

Share prices for the Trump Media and Technology Group Corporation sank yet again on Friday, marking the fifth straight day this week that the value of former President Donald Trump's social media venture has continued to slide. CNBC reports that shares in Trump Media dipped below $30 on Friday, a grim milestone for the company that signals it has lost …

More than 13,000 say Trump should be investigated for Truth Social stock fraud
8 months, 3 weeks ago

More than 13,000 say Trump should be investigated for Truth Social stock fraud

Raw Story  

Trump's Truth Social Nasdaq run so far has been topsy turvy — having suffered a nearly $4 billion hit since last week's money monsoon debut — and now a petition has amassed 13,000 digital signatures to push for former President Donald Trump to be investigated for fraud. "Just days after it went public, and its stock price placed its value …

Internet erupts over Truth Social's stock plunge: 'This is what a bloodbath looks like'
8 months, 3 weeks ago

Internet erupts over Truth Social's stock plunge: 'This is what a bloodbath looks like'

Raw Story  

Shares in former President Donald Trump's Truth Social plunged this Monday after news broke that the company behind the platform lost more than $58 million in 2023 while generating very little revenue — seemingly confirming warnings from experts who said the company's multibillion-dollar valuation didn't make sense. According to a report from CNN, Truth Social's revenue dropped 39 percent year-over-year …

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023
8 months, 3 weeks ago

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After a blockbuster debut on the Nasdaq last week, the …

Truth Social shares go into freefall after investors learn how much money it really makes
8 months, 3 weeks ago

Truth Social shares go into freefall after investors learn how much money it really makes

Raw Story  

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw. Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its …

'Money incinerator': Observers shocked by latest Truth Social financial data
8 months, 3 weeks ago

'Money incinerator': Observers shocked by latest Truth Social financial data

Raw Story  

The Trump Media & Technology Group, the owner of the Truth Social platform, released new financial data on Monday showing that the company lost $58 million over the last year while posting revenues totaling just $4 million. Washington Post tech reporter Drew Harwell argued that Truth Social's underlying financials are "way out of sync with the frenzied stock-market debut that …

Trump's 'volatile' Truth Social stock will tank until the company is bankrupt: expert
8 months, 3 weeks ago

Trump's 'volatile' Truth Social stock will tank until the company is bankrupt: expert

Raw Story  

Trump Media and Technology Group, the company that handles the former president's Truth Social platform, went public this month, after a long-sought merger that creates billions in market cap. According to USA TODAY, "Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 …

Donald Trump’s social media company soars in Wall Street debut
8 months, 4 weeks ago

Donald Trump’s social media company soars in Wall Street debut

Al Jazeera  

Shares of former Donald Trump’s social media company soared by as much as 59 percent on the first day of trading on Wall Street, boosting the former United States president’s expected windfall as he faces a growing list of legal bills. The Trump Media & Technology Group reached $79.38 per share at its peak on Tuesday, before closing 16 percent …

Donald Trump's social media firm soars on its stock market debut in New York
8 months, 4 weeks ago

Donald Trump's social media firm soars on its stock market debut in New York

Daily Mail  

Shares in Donald Trump’s social media business soared on their stock market debut in New York yesterday – valuing the former US president’s stake at nearly £5billion. ‘This valuation may be more of a proxy on the enthusiasm of supporters for Trump than a reasonable estimate of underlying business prospects.’ Trump Media’s Nasdaq debut came after it completed its merger …

Donald Trump's social media company Truth Social soars over 30% on first day of trading on Nasdaq
8 months, 4 weeks ago

Donald Trump's social media company Truth Social soars over 30% on first day of trading on Nasdaq

Hindustan Times  

Donald Trump's social media company, Truth Social, jumped more than 30% on its first day of trading on Nasdaq. After Monday's merger, Truth Social's parent company, Trump Media, took over Digital World’s place on the Nasdaq stock exchange. Donald Trump's Truth Social jumps more than 30% on Nasdaq Trump's Truth Social soars on Nasdaq following DWAC merger Truth Social's shares …

Trump social media company Truth Social surges in Nasdaq debut
8 months, 4 weeks ago

Trump social media company Truth Social surges in Nasdaq debut

Raw Story  

Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. merged Monday with a …

‘Trump 2024 to the Moon’: MAGA Fans Go All In on Truth Social Stock
54 years, 11 months ago

‘Trump 2024 to the Moon’: MAGA Fans Go All In on Truth Social Stock

Wired  

Truth Social, former president Donald’s Trump’s clone of Twitter, has a fraction of the users of competitors like Reddit and X. Still, Trump’s fans have posted on Reddit, X, and Truth Social about how they plan to hold the stock in defiance of traditional investing logic. “At least waiting for the election win,” one user posted, with the tag Diamond …

Trump’s social media company gains in its first day of trading on Nasdaq
8 months, 4 weeks ago

Trump’s social media company gains in its first day of trading on Nasdaq

Associated Press  

NEW YORK — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. merged Monday …

Trump’s social media company to start trading on the Nasdaq on Tuesday
8 months, 4 weeks ago

Trump’s social media company to start trading on the Nasdaq on Tuesday

Associated Press  

NEW YORK — Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Truth Social launched in February 2022, one year …

'It's not worth anything': Former Trump lawyer blows a hole in 'hype' over Truth Social
9 months ago

'It's not worth anything': Former Trump lawyer blows a hole in 'hype' over Truth Social

Raw Story  

During an appearance on MSNBC's "The Weekend," former Donald Trump lawyer and fixer Michael Cohen dismissed the idea that the Friday merger of his former client's Truth Social — and the cash that reportedly comes with it — will help with the former president's financial woes. Speaking with the hosts, Cohen accused Trump and his close associates of "hyping" up …

'Hemorrhaging users': Trump's Truth Social's longtime 'viability' questioned after merger
9 months ago

'Hemorrhaging users': Trump's Truth Social's longtime 'viability' questioned after merger

Raw Story  

The merger on Friday between Digital World Acquisition Corp. and the Trump Media & Technology Group, the parent company of Donald Trump's Truth Social, may have resulted in a temporary $3 billion windfall for the former president, but technology experts are more than skeptical that the merged company will survive in the long term. The report notes that after three …

Trump’s Truth Social Is Going Public
54 years, 11 months ago

Trump’s Truth Social Is Going Public

Wired  

Former president Donald Trump’s Truth Social, a shameless Twitter clone, is set to become a publicly traded company as soon as next week. Shareholders of Digital World Acquisition Corp. voted on Friday to merge with Trump Media and Technology Group, the company behind Truth Social. The vote is a culmination of a years-long saga attempting to merge Trump Media with …

What we know about Truth Social, Donald Trump’s social media platform
9 months ago

What we know about Truth Social, Donald Trump’s social media platform

Associated Press  

SAN FRANCISCO — 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 following the Jan. 6 attack on the U.S. Capitol. Before Truth Social, there was a short-lived blog on Trump’s personal website called “From the Desk of …

Trump’s social media company approved to go public, potentially netting former president billions
9 months ago

Trump’s social media company approved to go public, potentially netting former president billions

Associated Press  

NEW YORK — Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Ahead of Friday’s approval, Digital World’s regulatory filings listed many of …

Is Donald Trump's Truth Social headed to Wall Street? It comes down to a Friday vote
9 months ago

Is Donald Trump's Truth Social headed to Wall Street? It comes down to a Friday vote

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The deal's approval would open the door for Trump …

Donald Trump’s Truth Social is in trouble. So where will he post if it fails?
1 year, 1 month ago

Donald Trump’s Truth Social is in trouble. So where will he post if it fails?

Slate  

Long gone are the days of Donald Trump shitposting his way to the presidency. Stories about Truth Social’s business troubles have proliferated ever since late 2021, when the platform’s parent company brought in a $300 million fundraising haul through a planned merger with a SPAC known as Digital World Acquisition Corp. Related From Slate The Supreme Court Needs to Decide …

Donald Trump’s Truth Social facing ‘substantial doubt’ over future
1 year, 1 month ago

Donald Trump’s Truth Social facing ‘substantial doubt’ over future

The Telegraph  

Donald Trump’s social network is facing “substantial doubt” over its future as it seeks to renegotiate debt repayments, according to US filings. Trump Media and Technology Group, the parent company of Truth Social, has lost $31.6m since it was set up in early 2021, according to Digital World Acquisition Corp, a US shell company planning to take TMTG public. Digital …

Opinion: Lies, damn lies and social media — there's a reason this country is so deeply polarized.
1 year, 4 months ago

Opinion: Lies, damn lies and social media — there's a reason this country is so deeply polarized.

LA Times  

A Trump supporter, left, and an anti-Trump protester exemplify American divisions outside the Manhattan Criminal Courthouse, where former President Trump would be arraigned on New York charges in April. We also encounter MIT management professor Sinan Aral, who wrote “The Hype Machine,” a 2020 book about the “perils and promise” of social media. “Social media is rewriting the central nervous …

Trump rages about election cheaters as Georgia charges loom
1 year, 6 months ago

Trump rages about election cheaters as Georgia charges loom

Raw Story  

Donald Trump's Truth Social platform may have its future as a viable — yet money-losing — site impacted now that the former president is headed back to the Oval Office, according to an analyst. He added that the Trump win could end up being his Truth Social investor's loss – particularly if he sells off a substantial amount of stock …

Trump reportedly made less than $201 from Truth Social but up to a million from NFTs
1 year, 8 months ago

Trump reportedly made less than $201 from Truth Social but up to a million from NFTs

Raw Story  

Editor's note: This piece has been updated to include additional information that has not changed the story. Former President Donald Trump's finances are in the news again, this time with a focus on what he made from his "Truth Social" social network venture: reportedly less than $201. Trump made very little from the social network popular among right-wing media personalities, …

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