Trump's Truth Social Aims to Take on Big Tech's 'Assault on Free Speech' But Insights Into Its User Base Remains Elusive
Donald Trump's social media platform Truth Social aims to combat what its early investors call "Big Tech's assault on free speech." The platform's user base remains undisclosed, limiting insights into its success and advertising potential.
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00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump's social media platform, TruSocial, aims to combat what its early investors call
00:07Big Tech's assault on free speech.
00:10The platform's user base remains undisclosed, limiting insights into its success and advertising
00:15potential.
00:16TruSocial is part of Trump Media & Technology Group, formed through a blank check merger
00:21completed in March 2024, and trades under the ticker DJT.
00:25Trump holds a 65% stake in TMTG, with significant shares and warrant options potentially earning
00:31him billions of dollars before the 2024 election.
00:35As of July 2024, DJT shares traded around $33, driven by the meme stock phenomenon despite
00:41the company's reported losses and low revenues.
00:44SEC filings highlight risks, including challenges in generating users and advertisers.
00:49For all things money, visit Benzinga.com.