Truth Social owned by Trump Media & Technology Group
Truth Social (stylized as TRUTH Social) is an alt-tech social media platform created by Trump Media & Technology Group, an American media and technology company founded in October 2021 by former US president Donald Trump. It has been called a Twitter clone that competes with Parler, Gab and Mastodon in trying to provide an alternative to Twitter and Facebook.The service was launched on February 21, 2022. Since mid-2022, Truth Social has been facing financial and regulatory issues. The application was initially not available on Google Play because of violations of Google policies prohibiting content with physical threats and incitement to violence, but was approved for Google Play in October 2022 after agreeing to enforce policies against incitement.As of March 6, 2023, it was ranked number 101 in Apple's App Store rankings for social media apps, and SimilarWeb ranked its website as number 203 in their "News & Media Publishers" category, behind Gab at number 154, but ahead of Parler at number 1,052. Trump estimated in an April 2023 personal financial disclosure that the site's value ranged from $5 million to $25 million.Inception
According to Reuters, two members of the cast of Trump's TV show The Apprentice, Wes Moss and Andy Litinsky, were "central" to the founding of Truth Social's parent company, the Trump Media & Technology Group (TMTG), having allegedly pitched the idea of a social network to Trump in January 2021.Platform
Personnel
Truth Social is run by Trump Media & Technology Group, and headed by Devin Nunes. In 2022, Talking Points Memo stated Nunes' remuneration was $750,000 per year. Other senior employees included chief of technology Josh Adams and chief of product development Billy Boozer, who both subsequently left the company.The company's headquarters are in Sarasota, Florida. It was reported to have about 40 employees in March 2022.