"Trump's Truth Social Struggles as DWAC Stock Drops Amid Billionaire Backing"

1 min read
Source: CNN
"Trump's Truth Social Struggles as DWAC Stock Drops Amid Billionaire Backing"
Photo: CNN
TL;DR

Truth Social, the social media platform started by Donald Trump, is struggling to find a wider audience and is hemorrhaging users, despite a recent merger approval with Digital World Acquisition Corp. that is expected to deliver a multibillion-dollar windfall for the former president. The app's long-term viability remains unclear, with most analysts skeptical of its current valuation above $6 billion. While Trump's animated and antagonistic presence on the platform has provided him with a new megaphone for his unvarnished opinions, Truth Social has not proved it can survive, let alone thrive, without him. Despite Trump's frequent posts, the app has not broken into the mainstream and has only a fraction of the reach compared to his previous social media presence.

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