What is Truth Social?
It is Social media Platform owned by Donald Trump. It is America’s “Big Tent” social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology. Donald Trump always love social media & he is famous for his 4 am tweet, he was kicked out from twitter once he lost presidential election. Then he set up his “twitter clone” social media platform called “Truth Social “ . Trump owns majority stake about 58% in that company.
Why it’s in news?
Yesterday, Truth Social’s parent company called “The Trump media and Technology Group “ or TMTG Group , Marged with Digital World acquisition Corp to make a new firm and Listed in Nasdaq under ticker DJT( Donald J Trump) . Share price surged up to 50% in single day.
Who is biggest share holder of Truth Social?
Donald trump have majority stake around 58% in the marged firm( TMTG and DWAC) .
Is it a profitable Platform?
No, in 2023 they made loss of 39 million dollars.
Why the Stock price certainly rose so much?
It’s because of Donald trump supporter & Donald trump fame . Even an ordinary citizens are showing support Donald trump buying share of Truth social.
How many active user worldwide?
Research firm Similar web estimates that Truth Social had roughly 5 million active users in February of this year 2024— including mobile users as well as website visitors
How it made Donald Trump richer by 4 billion dollars in a Day?
Yesterday, Truth Social’s parent company called “The Trump media and Technology Group “ or TMTG Group , Marged with Digital World acquisition Corp to make a new firm and Listed in Nasdaq under ticker DJT( Donald J Trump) . Share price surged up to 50% in single day. Currently Donald Trump Hold around 6.5 Billion Dollar .
