China News Service, August 26. According to Agence France-Presse reported on the 26th, there are growing signs that Truth Social, the new social media platform of former US President Trump, is in financial difficulties and has attracted only a small following six months after its establishment. By.
Image source: Screenshot of the Fox News report in the United States.
Social media platform Truth Social has suspended payments to web hosting company RightForge and owes $1.6 million, according to Fox Business.
Trump Media & Technology Group, the parent company of Truth Social, did not respond to a request for comment.
A RightForge spokesman declined to comment on the report, saying, "RightForge's offices are located on the ground floor of Truth Social, and we will continue to support (former) President Trump in all his efforts."
In addition, Trump Media and Technology Group announced 10 months ago that it would merge with Digital World Acquisition Corp, a plan that has still not materialized.
The two companies had hoped that the merger would bring in new funding.
When Trump was president of the United States, Twitter was his most powerful political megaphone, but after the riots in the Capitol, social networking platforms such as Facebook and Twitter in the United States announced that Trump’s account was banned.
In February of this year, the Truth Social app was launched on the Apple App Store.
But six months later, Truth Social was only ranked 30th among Apple's social media apps for download.
According to Agence France-Presse, data shows that Truth Social is downloaded about 50,000 times a week.
Trump's Truth Social account has 3.91 million followers, compared with 79.5 million on Twitter.