Donald Trump's social media platform Truth Social has a problem with retaining users, a market data and analysis consultancy has said.Truth Social launched in February 2022, about a year after the former president was banned from X and Facebook for posts about the January 6 riots at the U.S. Capitol. While he has since been reinstated to the platforms, he opts to use Truth Social.
Newsweek contacted Truth Social's parent company Trump Media & Technology Group by email outside of business hours to comment on this story.Shares of TMTG fell on Tuesday following the release of the company's first-quarter earnings report on Monday.The company reported a net loss of $327.6 million for the first quarter of 2024. This loss was primarily attributed to non-cash expenses related to the company's recent merger with Digital World Acquisition Corp.
Source: News Formal (newsformal.com)
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