Donald Trump launched his own social media platform 'Truth Social' after getting banned from Twitter. Digital World Acquisition, which financed his venture is in deep financial trouble as per its latest SEC fillings. It expects further adverse affect in its business if popularity of Trump decreases as per the SEC fillings. Meanwhile share price of Digital World Acquisition is falling.
Trump social is officially known as 'Truth Social' but it has failed to register a trademark in its name as other social media in the same name already exists.
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Truth Social is the platform through which Donald Trump communicates with his followers.It has also attracted many people who admire Donald Trump.
IOS Application is available but it's Android application is still under development so if you don't have an apple phone you have to use its web version.
Donald Trump rejected all these claims of trouble and wrote "The Fake News Media is devastated by how well TRUTH is doing so, quite on cue, they are working overtime to criticize and demean it. Actually, many of the big guns in Washington, D.C., are fighting to stop the TRUTH but, they won't be successful. They are going after the outside financial company, and virtually anybody that walks and breaths, but that won't do it. They said it is doing worse since the Raid, but actually it is doing MUCH better, up more than 550%. We all love TRUTH!!!"
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