De mislukte bedrijven van Trump infographic
Graphic shows Former U.S. President Donald Trump’s failed businesses since 1989,


Stevent Truth Social af op mislukking?

By Duncan Mil

November 15, 2023 - Since Donald Trump’s social media venture launched in February 2022, Truth Social has lost over $30 million and looks set to become another of Trump’s failed businesses.

Former U.S. President Trump’s Truth Social lost $31.6 million from its launch in early 2022 to mid-2023, a Securities and Exchange Commission filing by Digital World Acquisition Corp -- the company that plans to merge with Truth Social -- shows.

In 2022, Truth Social posted a profit of $50.5 million, with net sales of just $1.4 million. It lost $23 million in the first half of this year, with net sales of $2.3 million.

Trump, whose companies have a long history of bankruptcy, announced plans in October 2021 to launch a new social media platform that would “stand up to the tyranny of Big Tech” companies such as Twitter and Facebook that previously barred him.

But Trump’s social media platform has struggled to gain popularity, with its 861,000 monthly active users as of October amounting to barely 1% of those on Twitter, now known as X, according to Similarweb.

Trump -- the frontrunner for the 2024 Republican nomination for president -- faces 91 felony counts in four separate criminal cases. He denies all wrongdoing.

PUBLISHED: 15/11/2023; STORY: Graphic News; PICTURES: Getty Images