Trump’s social media company launches its app

By Geoffrey Smith

Investing.com — Donald Trump’s new media company has officially announced the launch of its social media app, giving the former US president back what it hopes will be a mainstream platform.

Trump Media&Technology Group (NASDAQ:DWAC) said the launch of the Truth Social web app will allow “every American to access Truth Social from any computer, phone, or internet-connected device,” adding that “the launch comes before the original planned target date of May 31.

TMTG has struggled to maintain its initial gains since Trump decided to list the company through Digital World Acquisition Company, a SPAC that launched in September.

In a filing released on Tuesday, TMTG said Trump had committed to posting on the new app before any other platforms. That would prevent it from using Twitter (NYSE: TWTR) as its main platform, if the microblogging site lifts its permanent ban under new management led by Elon Musk. Musk’s own bid for Twitter, however, is stalled due to funding issues and Musk’s belated accusations that Twitter made misleading claims about the prevalence of spam and fake accounts.

The TMTG filing had also warned of the risk of bankruptcy, noting previous bankruptcies of companies controlled by Trump.

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