Posted 4/6/2024, 2:37:32 PM
Trump's Truth Social Platform Faces Mounting Struggles, Stock Slump, and Legal Scrutiny
- Trump's Truth Social media platform shows "signs of serious trouble," according to his former lawyer Michael Cohen
- Stock price plummeted this week to lowest point since merger, after initially rising following merger completion
- Platform had only 5 million daily active users as of February, compared to Twitter's 245 million
- Company kept afloat by emergency loans, including from businessman under investigation for insider trading
- FBI and DHS investigating businessman's role in the Trump Media & Technology Group merger