Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain
Emily Nicolle / Bloomberg :
Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain
Trump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders.
Trump Media says it is public beta testing Truth Search AI, a Perplexity-powered search feature, initially on Truth Social for web and coming to Android and iOS
Donald Trump's media company is teaming up with Perplexity to bring AI search to Truth Social, the President's X.com alternative.
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble
Before he helped run Truth Social, Chris Pavlovski owned porn domains. Now, he's allied with a political movement that wants to ban pornography. See also Mediagazer
NYSE Arca files with the US SEC to list a Bitcoin ETF tied to Trump Media and Technology Group, which runs Truth Social and is majority owned by President Trump
Vildana Hajric / Bloomberg :
Truth Social parent TMTG, which has a $5B market cap, reports Q2 revenue down 30% YoY to $837K and a net loss of $16.4M; Trump owns 59.9% of TMTG's common stock
Donald Trump's company, which operates Truth Social, said it earned $837,000 in quarterly revenue.
Similarweb: Truth Social's average number of US monthly visits was just over 4M from May 2023 to April 2024, down 39%+ from the prior 12-month period
Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto its small U.S. user base, according to new data …
Filing: Donald Trump's Truth Social lost $58M+ on $4.1M in revenue during 2023; Trump Media & Technology Group is valued at $7B+ after going public on March 26
- All of the company's revenue comes from advertising on Truth Social, per the disclosures.
Trump Media & Technology sues 20 media outlets, demanding $1.5B in damages, for reporting that Truth Social lost $73M, calling the number “an utter fabrication”
Robert Burnson / Bloomberg : Mastodon: @xerophile@union.place See also Mediagazer Mastodon: @xerophile@union.place : @Techmeme Big day for rich SLAPPers! See also Mediagazer
Trump Media & Technology Group SPAC partner DWA's filing shows that Truth Social lost $73M on just $3.7M in net sales from its early 2022 launch through H1 2023
The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.