Ex-Prez Donald Trump Loses $700 Million Over Failed Truth Social

The outlet said that despite Trump’s efforts to promote Truth Social — and his exclusively using the platform for his social media — it has failed to attract users.

The project initially sparked excitement from Trump’s supporters and base. A Truth Social special purpose acquisition company [SPAC] was formed and investments started rolling in.

Forbes reported that the app has failed to take off due to Elon Musk buying Twitter. Truth Social was expected to have 81 million users by 2026 but only has 5 million currently.

Trump owns 85 percent of the company.

As RadarOnline.com, Trump’s fortune dwindling is not the only thing on his mind at the moment. The controversial political will appear for an arraignment today after he was hit with a 34-count indictment by the Manhattan DA.

The complaint has been sealed but sources claim the 34 counts are all felonies. The probe was launched to investigate an alleged hush-money payment Trump and his team made to ex-adult film star Stormy Daniels.

At a recent rally, Trump attacked the Manhattan DA Alvin Bragg. He told his supporters, “The district attorney of NY under the auspices and direction of the department of injustice in Washington, D.C. was investigating me for something that is not a crime. Not a misdemeanor, not an affair.”

Previously, he said, “This is Political Persecution and Election Interference at the highest level in history.”

"These Thugs and Radical Left Monsters have just INDICATED the 45th President of the United States of America..." Trump added. "THIS IS AN ATTACK ON OUR COUNTRY THE LIKES OF WHICH HAS NEVER BEEN SEEN BEFORE."

"SO SAD!" he added.