Truth Social Struggles Financially, Faces Uncertain Future

Trump's social media venture may not survive without a successful merger, as it battles financial losses and struggles to gain popularity.

Former President Donald Trump's social media venture, Truth Social, is facing substantial financial challenges, with accountants warning it may not survive unless a long-delayed merger is completed soon.
Truth Social, launched as an alternative to Twitter, has struggled to gain popularity, with its user base barely reaching 1% of Twitter's.
Trump Media & Technology Group (TMTG), which oversees Truth Social, has lost $31.6 million since its launch in early 2021.
The survival of TMTG is heavily dependent on the completion of a merger with Digital World, a blank-check company. The merger has been delayed due to a series of investigations into the deal.
TMTG's success is also tied to Trump's popularity and reputation, which could be affected by his ongoing legal proceedings.