Truth Social has lost $73 million since its launch, faces potential shutdown

[Dopious]

The alternative social media platform has lost $73 million in the less than two years since it launched, according to a new filing from Digital World Acquisition Corporation, or DWAC, the special purpose acquisition company aiming to take Trump Media and Technology Group, or TMTG, public.

Thoughts?
Skip the political bullshit in your thoughts.

https://www.cnbc.com/2023/11/14/tru...ntial-shutdown.html?&qsearchterm=truth social

 

[Salamouna]

So the accounts Im farming will be useless

 

[Salih Gursoy]

It also closed or caused problems for people who want to register from tier 2-3. Registering is hard as f. I hope it is not closed, I love the competition between platforms.

 

[Beklink]

So the accounts Im farming will be useless

Where you able to make any money from Truth Social?

 

[Salamouna]

Where you able to make any money from Truth Social?

Didn't tried yet
Just making accounts for now

 

[Mr Positive]

Maybe mix threads so so it threads truth hurts and both can wind up at same time. Point is to challenge existing social media they never had any creativity so not surprised at all

 

[joseph15]

The problem with truth social and other platforms that are 99% conservative is that it just ends up being a giant circle jerk.

platforms like twitter that are used by everyone work better from a business perspective because people will spend more time on an app if there's outrage/arguments/debates, versus a place where everyone is in constant agreement. The way I see truth social, it's basically just a giant donald trump fanpage.

 

[INCC]

Always had a feeling that it's an echo chamber as a social media platform but perhaps worth selling right-wing merch.

 

[Salih Gursoy]

Anybody have a way to bot it ?

It’s going to blow up.

Don’t believe the news

Trump is going to push it hardcore when he retakes office next year

I hope man, worked on SEO for it. Anyway core updates take me down but will never give up.

 

[xReminisce]

I hope man, worked on SEO for it. Anyway core updates take me down but will never give up.

you SEO'ed Truth Social ? lol

 

[DeFiNFT1]

And of course it’s a cnbc article lol i

Anybody in the west who follows the news knows what’s up

We don’t care about cnn and all the big media anymore. Nobody trusts them over here and those that do are slowly waking up themselves

 

[Mrnewbie]

Listen, if this thread goes political, it will be shut down. Let's focus on the business aspects, as we are an IM Forum, not a political one.

 

[nakamura]

But also put it in context that all the other social media companies are losing a shit ton of money as well.

 

[Salih Gursoy]

you SEO'ed Truth Social ? lol

Yep! I also laughed at first.
But then I was at the top of the rank before the Google Core update.
And also did it because I saw the demand from tier1 customers.

 

[xReminisce]

Yep! I also laughed at first.
But then I was at the top of the rank before the Google Core update.
And also did it because I saw the demand from tier1 customers.

Interesting, that's a nice twist to it

 

[BiggusD1ckus]

BiggusD1ckus is sad​

 

[TheSplinter]

Imagine the amount of people that have tried to replicate FB, Twitter and IG. Probably millions have tried something within that realm. You just can't throw many at something like this and make it successful. If you could, we'd have a million other Twitters and Facebooks. It never had much of a chance, particularly when it's such a niche social network. They tried to create something niche that has the visibility of Twitter. Not gonna happen.

 

[MichaelVConley]

has anyone found a similar website like TruthSocial with US audience or?

 

[immensity]

has anyone found a similar website like TruthSocial with US audience or?

You mean twitter haha?

 

[1SEOWarrior]

Didn't heard about it. Funny.