The Only Thing Driving Truth Social’s Revenue Will Make You Close Your Eyes and Wish for Better Days
We can't believe people are paying for this. The post The Only Thing Driving Truth Social’s Revenue Will Make You Close Your Eyes and Wish for Better Days appeared first on Futurism .
Donald Trump's social media platform Truth Social is struggling, and its only source of revenue comes from customers willing to pay exorbitant fees for a premium service. The company reported a 205 percent increase in revenue in the third quarter, but this amounted to only $3 million in total. Around $1.3 million of that revenue came from the "Truth API" feed, which grants subscribers early access to Trump's posts for a monthly fee between $60,000 and $100,000.
Other sources of revenue include an uncensored streaming service called Truth+ and Trump Media's holdings in cryptocurrencies. Despite these impressive figures, the company's stock has plummeted, and its net income is primarily derived from its crypto investments, raising concerns about the sustainability of its business model.
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