Donald Trump Ally Unveils Plan to Save Truth Social

[Social Media]

 

As Truth Social grapples with declining stock prices following its recent public debut, a Donald Trump ally has unveiled plans to revitalize the platform. Devin Nunes, CEO of Truth Social and former GOP California congressman, shared details of upcoming changes during an appearance on the conservative network Real America's Voice. 

 

Nunes announced significant updates aimed at enhancing Truth Social's appeal and functionality. Among the proposed changes is the integration of features reminiscent of popular social media platforms like Instagram, Facebook, Twitter, Reddit, and TikTok into a single app. Additionally, users will have access to television content within the Truth Social platform, including programming that may have been restricted or banned on other platforms.

 

The platform, which launched in February 2022, emerged as an alternative for individuals seeking an outlet after Trump's suspension from major social media platforms like X and Facebook following his posts about the Capitol riots. Despite its relatively modest user base of around 500,000 active users across iOS and Android platforms, Truth Social aims to carve out a niche in the digital landscape.

 

However, the platform's journey has been marked by challenges, particularly in the financial realm. Following its public listing through a merger with Digital World Acquisition Corp. (DWAC), Truth Social experienced a surge in stock value, reaching a peak of $71.9 per share. However, recent data from Google Finance indicates a significant decline, with each share now valued at $22.84.

 

Financial disclosures revealed substantial losses for Truth Social, raising concerns about its long-term viability. With revenue of just over $4.1 million and operating costs exceeding $58.2 million, the platform reported an operating loss of nearly $16 million. Auditors expressed doubts about the company's ability to sustain operations without significant improvements.

 

Despite these challenges, Nunes remains optimistic about Truth Social's prospects. He highlighted the platform's lack of debt, robust technological infrastructure, and a sizable cash reserve of $200 million. Nunes emphasized a strategic focus on expanding the platform's ecosystem through technology acquisitions and development while maintaining independence from traditional big tech companies.

 

As Truth Social navigates its financial and operational hurdles, the platform's future remains uncertain. However, with a commitment to innovation and adaptation, Nunes and his team aim to position Truth Social as a viable contender in the competitive social media landscape.

18.04.24

Source

 

[Tug]

Deven is going to save lying social you’ve kidding me oh boy !! Buy buy buy now’s  your chance quick when the price is low lmao 🤣 

[Eric Loh]

4 hours ago, Social Media said:

As Truth Social grapples with declining stock prices following its recent public debut, a Donald Trump ally has unveiled plans to revitalize the platform. Devin Nunes, CEO of Truth Social and former GOP California congressman, shared details of upcoming changes during an appearance on the conservative network Real America's Voice. 

Doesn't speak well of confidence in this frantic plan to revitalize the platform when 2 of the top executives resigned recently.

Josh Adams and Billy Boozer are the company's chief of technology and product development and were central players in its bid to build a social media empire. Exit of the 2 high profile executives will imperil the company's plans. Both left and gave no comments. 

[Berkshire]

This company can't be saved.  The only thing I know for certain is that the insiders (including Trump) are going to bleed this company dry.  And of course, the pissant retail investors will lose their collective as*ses. 

[Tug]

9 minutes ago, Berkshire said:

This company can't be saved.  The only thing I know for certain is that the insiders (including Trump) are going to bleed this company dry.  And of course, the pissant retail investors will lose their collective as*ses. 

Fools and their money are soon separated I almost feel sorry for them…..almost 

[Chomper Higgot]

Needs saving so soon.

 

 

Who would have guessed.

[herfiehandbag]

20 hours ago, Chomper Higgot said:

Needs saving so soon.

 

 

Who would have guessed.

Floated on Monday wasn't it?

 

Plan to save it on Friday!

 

[Walker88]

Let's parse this:

 

Devin 'The Cow Farmer' Nunes, who has no experience nor skills running a social media platform, is going to help his overlord dump his 57% stake by exciting the goobers enough to buy more stock.

 

Already somebody finally helped orchestrate the short covering rally everyone had predicted weeks ago, and as Dozo the Catatonic Clown is allowed to register more of his stake for sale, it will be dumped onto the losers who are Dozo's cult.

 

Those losers will add eventually worthless stock to their unenviable collection that now includes Chinese-made red hats, absurdly garish golden sneakers, NFTs that portray Dozo as everything he lacks the courage and skill to ever be, pieces of the suit he was booked in in Georgia, and the sacrilege of a Bible autographed by someone who regularly breaks all Seven Deadly Sins as well as at least 9 of 10 Commandments.

 

Losers gonna lose. trumpers gonna be trumpers, though I repeat myself there. To be a trumper is prima facie evidence of being a loser in life. Of extremely limited intellect, lacking in anything remotely approaching success, trying to live vicariously through a trumper's version of Alpha Male (LOL).....oh woe is they!

 

trumpers should ask themselves this: Would anyone anywhere ever wish they were you?

 

LOL!

 

If reincarnation were actually a real thing, bad people would come back as a trumper......and wish they were a cockroach or something honorable.

[candide]

Due to network effects, TS cannot overcome its disadvantage against X.

The main value component for users of a social network is the number of subscribers.

[Emdog]

Maybe in honor of Orwell they rebrand it as "Ministry of Truth.... Social" or anti social...

[Tug]

Looks like trumps latest scam isn’t working out so we’ll go figure lol he’s still working several others,after installing his daughter in law to run (strip) the RNC sucking up all the funds leaving nothing for down ballot candidates he’s demanding royalty’s from the down ballot candidates if they use his image!!wow!!the republicans really do need to revolt and ditch this albatross just wow!!