US media: Trump's social media "truth social" is facing a financial crisis

[Global Times Special Journalist in the United States] Former US President Trump was tweeted into the blacklist last January, and then launched a social platform called "Truth Social" high -profile. However, the Washington Post reported on the 27th that the platform was facing a financial crisis due to the reduction of payment disputes and the reduction of the audience.

Trump. Data Map

Related documents show that after 6 months of socializing the truth, there is still no reliable source of income, and there are problems with the development of the platform. The US Digital World Acquisition Group originally plans to help this new media technology company listed. However, the company recently issued a warning to the background of the Federal Investigation Agency searching for the Trump Lake Manor and other incidents. Or a scandal that further damages its reputation, then related business will be negatively affected. It is reported that the stock price of the Digital World has fallen by nearly 75%since its peak in March, with a loss of $ 6.5 million in the first half of this year.

In fact, the search of Trump Lake Manor once caused the "truth social" user activities to surge, but this growth is not lasting. According to the Fox Business Channel, the truth social company has stopped paying for its network hosting service provider in March this year, and so far it owes more than 1 million US dollars. With the deterioration of financial and technical issues, the "truth social" has fallen into a difficult situation. Digital World Acquisition Group said that the company may never have any operating income and cannot achieve profitability.

Digital World Acquisition Group stated in a document that the truth of the truth requires millions of active users to achieve business success, but Trump's total fans in the platform are less than 4 million, let alone the number of active users. In addition, there are only a few thousand people in recent days. In contrast, Twitter has about 37 million active fans every day in the United States. At present, "truth social" has become a platform for Trump's supporters to discuss and vent his anger. It is reported that although the platform was just criticized due to problems such as false accounts and technical failures when it was launched in February, it was the pinnacle of its popularity at that time.

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