Little Revenue, Lots of Debt: Trump's Truth Social Faces Bleak Financial Future

[Yo_Mama_Been_Loggin]

Truth Social, the social media platform former President Trump started after he was booted from Twitter, faces an uphill battle as it reportedly racks up debt while generating little revenue.

The social media platform owes more than $1 million to RightForge, the service that hosts the app on the web, Fox Business reported earlier this week, citing three people with direct knowledge of the matter. According to Fox Business’ sources, Truth Social sent only three payments to RightForge — and hasn’t paid the company at all since March of this year. The sources claim RightForge is considering legal action to recover the $1.6 million it is owed, while sources tell The Washington Post that the two companies have been communicating exclusively through lawyers in recent weeks.

But at the moment, RightForge — which positions itself as supporting free speech and opposing “Big Tech censorship” — is still publicly supporting Trump. “We fully stand behind the president and his endeavors,” RightForge’s chief executive, Martin Avila, told the Post.

Truth Social may be struggling in part because traffic numbers are declining. The Post reported views on the site have declined significantly from when the site launched — down 300,000 views per day from the 1.5 million daily views it saw its first day. In addition to technical failures and a spate of fake accounts, the company has also faced setbacks in acquiring a trademark for “Truth Social.” The U.S. Patent Office noted that two other companies with similar names would lead to a “likelihood of confusion” if Trump were to get the name trademarked, so it declined the application. Trump will likely appeal the decision.

https://www.msn.com/en-us/money/other/little-revenue-lots-of-debt-trump-s-truth-social-faces-bleak-financial-future/ar-AA11crbv

[brush]

1. Another failure for a trump operation. Who expected anything else?

To say he has a history of business failure is an understatement of the highest order.

[SWBTATTReg]

2. Who in their right (or warped) mind would want to be ass w/ the likes of these morons who mouth

off at every imagined slight (and made-up ones too).

Any reputable business or person wouldn't touch them w/ a 10-foot pole, otherwise it's a death knell for their brand, their business.

[CentralMass]

3. The fascist oligarchy that owns tRump and the GOP have no shortage of $$ if they care to fund it.

[TheRealNorth]

4. Exactly

And TFG and his minions undoubtedly have developed ways of shoveling the money from the corporate accounts to their personal bank accounts.