Donald Trump’s Truth Social is a huge flop, it’s lost about a billion dollars

Donald Trump, aka Bigly Christ Superstar, arrived in New York last night and he spent the night inside Trump Tower, presumably covered in flop sweat and cheeseburger wrappers. But that’s not all! Trump also went on his stupid Truth Social platform and rage-social’d a bunch of crap about how DA Alvin Bragg should indict himself.

Former President Donald Trump spent his last few hours before being arrested Tuesday doing what he loves the most—posting every last one of his thoughts online. In a series of rants on his own personal social media platform, Truth Social, he accused Manhattan District Attorney Alvin Bragg of leaking his indictment, debuted a new nickname for The Washington Post (Washington COMPost), called for Bragg to indict himself for some reason, and tried to turn the tables on his past—and likely future—opponent by saying that it is Joe Biden, and not him, who is guilty of obstruction. “Now, if [Bragg] wants to really clean up his reputation, he will do the honorable thing and, as District Attorney, INDICT HIMSELF,” Trump wrote. “He will go down in Judicial history, and his Trump Hating wife will be, I am sure, very proud of him!”

[From The Daily Beast]

What’s also funny about this inglorious, cheese-fart-soaked meltdown is that once everything is said and done on the day, Trump will also claim that this was the most beautiful arraignment ever, that no one has ever been arraigned in such a spectacular way, that no one has ever handled an arrest in such a classy and gracious way. Meanwhile, this is what I really wanted to talk about: Truth Social is a huge flop.

Adding to Donald Trump’s woes – which include a scheduled arraignment in New York City on Tuesday in a Manhattan courtroom where a sealed indictment containing a reported thirty charges awaits him – a report from Forbes claims that he is now not nearly as rich as he was when he helped launch his Truth Social social media platform.

According to the report, Truth Social has been a flop and is in danger of collapsing, taking the former president’s net worth down with it.

On Sunday, the New York Times reported that the two entities tied to Truth Social that are attempting to merge are facing a September deadline to get SEC approval to avoid having to refund approximately $300 million to investors which could lead to a collapse.

According to Forbes, the Truth Social struggles are hitting Trump’s worth hard.

“In December 2021, a group of big-money investors promised to inject $1 billion in cash into the venture — but only if they got a sweetheart deal,” the report said.

[From MSN]

Trying to follow the money when it comes to the Trump family will always give me a headache. I trust that Trump is in debt up to his wig of chaos, that he owes a lot of shady people (Bonesaw Saudi princes, the mob) hundreds of millions of dollars, that several prime properties are always on the verge of foreclosure. But still… imagine blowing a billion dollars on a Nazi social media platform and there isn’t enough Nazi interest. LOL.

Photos courtesy of Avalon Red, Backgrid.

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19 Responses to “Donald Trump’s Truth Social is a huge flop, it’s lost about a billion dollars”

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  1. Truthiness says:

    He bankrupts nearly every one of his businesses, why should this one be any different?

  2. Maida says:

    Here’s the thing about calling Truth Social (or Twitter) a failure because both are losing money: unfortunately, they are succeeding at their real purpose, which is spreading misinformation and ginning up right-wing outrage. We need to keep in mind that tax law allows the wealthy to write off losses, as well.

    • Ameerah M says:

      Well the reason they are losing money is that no one is using the site. So I wouldn’t say they are all that successful in spreading misinformation. The people on the site have fell for his lies a long time ago and aren’t going to stop believing them now just because he was indicted.

      • Maida says:

        I agree that the people who have bought into Trump aren’t likely to stop believing what he says, no matter what happens. But I also think Truth Social has reach beyond its users, because what Trump and others say on the platform gets reported elsewhere. I think it’s mostly doing what he wants it to do.

      • Ameerah M says:

        That would happen on any platform. Even major news agencies report what he says. They always have. He has already been reinstated on Twitter. Truth Social isn’t the only place his lies get told. It’s not even in the top three.

  3. molly says:

    There’s no way he’ll be left holding the bag on Truth social. His entire life has been failing with OTHER people’s money.

  4. Lightpurple says:

    Bigly Trump
    Bigly Trump
    Who are you? What have you sacrificed?
    Bigly Trump
    Bigly Trump
    Who are you? What have you sacrificed?
    Bigly Trump
    Superstar
    Do you think you are what you say you are?
    Bigly Trump
    Superstar!
    Do you think you are what you say you are?

    Everything he touches goes bankrupt

    • Juls says:

      This is great! Although I’ve been saying for some time now that ‘King Nothing’ by Metallica should be his theme song.

    • BeanieBean says:

      That’s what I figured.

    • Lucy says:

      Correct. Hopefully that gets added to the pile of charges someday. He doesn’t care if it’s losing money, like all of his other failed businesses, because they’re just fronts for laundering anyway.

    • Jaded says:

      The US banks pretty much washed their hands of him in the early nineties. What with his multiple bankruptcies and failure of Trump Shuttle, he was a financial pariah. It’s clear that Russian money makes up a disproportionate amount of Trump’s assets, and both Deutsche Bank and Bayerische Hypo-und Vereinsbank, who financed the Trump World Tower across from the United Nations, have been under almost continuous investigation for illegal lending practices. This is like watching a slow motion train wreck and I’m loving every minute of it.

  5. Torttu says:

    Omg how I’m enjoying watching him sink.

  6. Tacky says:

    Everyone pray to our lord and savior Beyoncé that the judge issues a gag order today.

  7. Lynne says:

    I think he has a small investment but more is paid to use it before tweeting on Twitter so he won’t lose much. The contract is over in July and he can post on Twitter (or wherever he chooses) first after that.

  8. Elon's Sink says:

    Anyway, I’m on Spoutible and I’m having a marvelous time.