"Trump's Truth Social Faces Stock Price Volatility and Skepticism"

Donald Trump defends his social media platform, Truth Social, after its stock value plummets following revelations of mounting losses. Despite a regulatory filing revealing significant operating losses, Trump claims the company has $200 million in cash and zero debt. Truth Social, launched in February 2022, has around 500,000 active users and needs to gain more users to become successful, according to experts. The platform's potential success and stock value depend on attracting a larger user base and providing attractive content and services.