Trump’s Truth Social Reportedly Facing Financial Issues
The app owes around $1.6 million to RightForge, a technology company that provides internal infrastructure for the app, according to Fox Business. Sources say that Truth Social has not paid RightForge since March. The two companies partnered in October.
RightForge, however, continues to voice its support for Truth Social.
“Our founding vision is to make a second internet to support American ideas online,” CEO Martin Avila told Fox Business. “RightForge believes in the mission of President Trump’s free speech platform and wish[es] to continue supporting the president in his media endeavors.”
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Trump founded Truth Social after he was booted from Twitter for his role in the January 6, 2021, Capitol attack, and for using the social media platform to incite violence.
Truth Social is the former President’s main form of public communication, and it has seen a rise in daily users since the FBI searched Trump’s Mar-a-Lago residence as part of a Justice Department’s investigation into Trump’s possible mishandling of classified White House documents.
The social media platform was initially supposed be a part of a merger between Trump Media and Technology Group (TMTG) and Digital World Acquisition Corp (DWAC), but DWAC recently delayed the merger citing concerns over reputation issues.
“If President Trump becomes less popular or there are further controversies that damage his credibility or the desire of people to use a platform associated with him, and from which he will derive financial benefit, TMTG’s results of operations, as well as the outcome of the proposed Business combination, could be adversely affected,” DWAC wrote in a filing that was made public last week.
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