Truth Social

Extracted Attributes

• Founder

  Donald Trump

• Product Type

  Social Media Platform / Mobile App

• Stock Status

  Publicly traded (as part of TMTG)

• Net Loss (2023)

  $58,000,000

• Parent Organization

  Trump Media & Technology Group (TMTG)

• Monthly Active Users

  Approximately 5,000,000

• Initial Public Valuation

  $11,000,000,000

Timeline

• Donald Trump is banned from major social media platforms following the U.S. Capitol attack, prompting the creation of Truth Social. (Source: PBS NewsHour)

  2021-01-06

• Truth Social officially launches on the Apple App Store. (Source: PBS NewsHour)

  2022-02-21

• The Google Play Store approves Truth Social for Android devices after the app agrees to enforce content moderation policies. (Source: Britannica)

  2022-10-12

• TMTG reports a fiscal year loss of $58 million. (Source: Britannica)

  2023-12-31

• TMTG debuts as a public company on the Nasdaq following its merger with Digital World Acquisition Corp. (Source: Britannica)

  2024-03-26

• Reports emerge regarding a significant stock drop, alleged Russian-linked funding, and guilty pleas for insider trading related to the SPAC merger. (Source: Document 2b6bf10f-e753-4ea5-9c2c-da654f7a8824)

  2024-04-05

Web Search Results

• What to know about Truth Social, Trump's social media ...

  Truth Social launched in the Apple App store in February 2022. It was a glitchy start, but it shot to the top of Apple’s list of most downloaded free apps. While the platform sought to capitalize on the outrage over Trump’s social media bans to attract a broad audience, Truth Social, much like fellow right-leaning social media platforms Gettr and Parler, has not been able to move much beyond an echo chamber of conservative political commentary — if they are able to stay online in the first [...] Truth Social looks and feels a bit like X. Users have a profile, they can follow one another, post “truths” or “retruths” and send direct messages. Ads are called “sponsored truths.” [...] SAN FRANCISCO (AP) — 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.

• Truth Social | Features, Description, & Facts

  Truth Social, social media app founded in 2022 by former president of the United States Donald Trump, primarily in response to his being banned from mainstream social media platforms. The app is owned by Trump Media & Technology Group (TMTG) and takes cues in its design and function from Twitter (now X), which had been Trump’s favored communication channel before the site banned him in 2021. Although X CEO Elon Musk allowed Trump to return after Musk gained ownership of the platform in 2022, [...] TMTG debuted as a public company in March 2024, with Truth Social as its primary product. Trump is the company’s majority shareholder. Though the company was initially valued at almost $11 billion, its user base is estimated to be decreasing, and the company had lost $58 million by the end of 2023. Many financial analysts believe that the high valuation was almost solely because of the company’s association with Trump, describing it as “meme stock.” Shortly after the company went public, [...] Left without a social media platform from which to directly address the public, Trump decided to make his own. He first turned to “From the Desk of Donald J. Trump,” a website he posted on for less than a month before it shuttered. Truth Social, TMTG’s sole product, appeared in the Apple App Store in early 2022. The Google Play Store initially did not allow the app on Android devices because it found the app in violation of its policies against inciting violence. In October 2022 Truth Social

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

  The Truth Social feed I experienced was a mix of swaggering gun talk, typo-filled Bible scripture, violent Biden bashing, nonsensical conspiracy theories and more misguided memes about Jan. 6 “hostages,” trans satanists and murderous migrants than anyone should be subjected to in one day. Or ever. [...] Truth Social launched in February 2022 after Trump was banned from Twitter and Facebook following the insurrection at the U.S. Capitol. He has since been reinstated on both platforms, though he prefers to truth rather than tweet on his own platform, which is still a relatively small operation. 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. The smaller number of users [...] 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 (I tried). Next up is choosing a username. The example given is “LibertyForAll.” Needless to say that handle was unavailable, as was “LibertyForAli.” Once in, it suggested accounts to follow such as Trump, conservative news outlets the Daily Wire and Breitbart, country singer John Rich and

• Truth Social

  As of late April 2022, MarketWatch reported Truth Social had around 513,000 active daily users, compared to Twitter's reported active daily userbase of 217 million. Usership figures were not available, but Trump was reported on August 19, 2022, to have 3.9 million Truth Social followers. He had had 89 million on Twitter and 34 million on Facebook before being banned from both platforms. [...] Truth Social has been described as an alt-tech social media platform. Such platforms are popular among the alt-right, far-right, and others who espouse extremism or fringe theories, often because they employ less stringent content moderation than mainstream platforms. Axios "Axios (website)") reported that Truth Social had given a verified account to the white nationalist advocate Nick Fuentes, who has been banned from Twitter and Facebook. [...] Truth Social is modeled heavily after Twitter; users are able to make posts ("Truths", similar to tweets) and share other users' posts ("ReTruths", similar to retweets).

• Truth Social - App Store - Apple

  Follow the Truth! What exactly is Truth Social's "Big Tent" approach? Think of a giant outdoor event tent at your best friend's wedding. Who's there? The combination of multiple families from all over the United States, and the world. Uncle Jim from Atlanta is a proud libertarian. Aunt Kellie from Texas is a staunch conservative. Your cousin John from California is a die-hard liberal. And guess what? They're all together to have an amazing time and share their different viewpoints on the world. [...] making people believe they are the majority, normalizing the irrational and ignorant behavior with their brainwashed hive-mind. Truth social is GREAT, and operates like a charm! [...] ### Truth Social….much needed!

• Instance Of

  Q113709736