Is the social media site founded by Trump going bankrupt?

Truth Social, the Twitter-like social media site founded by Donald Trump, seems to be not having a good time. While it is said that the platform, which was created with great hopes, generated an income of only 3.4 million dollars in the first 9 months of 2023, it is thought that its expenses may be much more than this.

Trump, who is running for president again, argued that Truth Social is of great importance for the revival of democracy, especially in America, and announced that he has new projects related to this platform in the future. Here are all the details about the subject…

It is stated that Truth Social, which is said to give a chance to content creators who are censored for various reasons, will soon begin to offer requested features such as live video broadcasting. But things are not going well for the platform right now. The site, which was found to have reached 5 million active users in February, caused a visible decrease in the share value of its founding company, TMTG. In the same period, Facebook reached 845 million users, while the site’s main rival, X (Twitter), was used by 212 million people.

While it is claimed that the site will appeal to a much smaller user base after the general elections to be held in the United States, it is claimed that it may be closed completely if Trump is not elected president. It seems difficult for the platform, which is far from the desired success for now, to make a comeback from here.

New era in X (Twitter)!  Good news for ChatGPT rival Grok

New era in X (Twitter)! Good news for ChatGPT rival Grok

Announced by Elon Musk, Grok will be available to all Premium users. Here are Grok AI features and X Premium price…

So what do you think about this issue? Do you think Truth Social will be able to achieve the desired success? Do you use this platform? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.

source site-28