Inside Truth Social: How Trump built his own internet kingdom worth billions

After getting kicked-off Twitter about 4 years ago Trump made his own social-media platform. Now with recent election success Truth Social became a multi-billion business despite having few users

November 17 2024 , 06:11 PM  •  272 views

Inside Truth Social: How Trump built his own internet kingdom worth billions

After getting kicked off mainstream social-media in early-2021 Donald Trump didnt stay quiet for long. He built Truth Social - his personal digital megaphone thats now worth billions despite having way less users than X (formerly Twitter)

The platforms daily routine shows how Trump runs his online kingdom: his trusted aide (nicknamed the human-printer) types up his thoughts while he watches TV and drinks coca-cola. Hereʼs how it works:

  • Posts get called “truths“ instead of tweets
  • Platform copies Xʼs main features
  • First account suggested is always Trump
  • MAGA supporters fill most popular accounts list

Too many ʼThank yousʼ‚ too rapidly said‚ whatʼs going on with her?

Trump commenting on Harrisʼs speech

Truth Socialʼs business side is quite interesting - its parent company TMTG trades under symbol DJT and its worth $6.3bn which is close to Xʼs private value. Devin Nunes runs the company but Trump owns 52.9% of shares making him worth $3.5bn on paper

The platform only made $1.01m last quarter (all from ads) and lost $19.2m; however it has $673m in cash so its not going broke anytime soon. With just 424k monthly users compared to Xʼs 182m its clear that Truth Social is more about Trump than being a real social-media competitor

Recent rumors about Trump selling his shares made him angry - he called for investigations into people spreading such info. Some people think X and Truth Social might join forces but thats just talk for now