doolik website logo
The US Federal Trade Commission (FTC) has taken a significant step by referring a complaint against TikTok and its parent company, ByteDance, to the Department of Justice (DOJ). The complaint centers on potential violations of children's privacy laws. This development underscores the growing scrutiny TikTok faces in the United States, as the popular social media platform navigates legal and regulatory challenges.
image of this article category

Trump's Truth Social reports $73 mln net loss since launch

14.11.2023 06:51 AM
Latest
Trump's Truth Social reports $73 mln net loss since launch
dooklik website logo
share
share this article on facebook
share this article on twitter
share this article on whatsapp
share this article on facebook messenger
Trump's Truth Social reports $73 mln net loss since launch

The “Truth Social” platform was supposed to be an attempt by former US President Donald Trump to return from exile through social media, especially Twitter, to communicate with his followers and fans.

With the support of large capital and a political base, Trump created his own platform to be an alternative to traditional social media, and to compete with Facebook and Twitter, but it recently suffered a huge loss amounting to $73 million.

An independent accounting firm affiliated with Trump Media & Technology Group (TMTG) revealed that the financial situation raises significant doubts about its ability to continue as an existing facility, according to Reuters.

She said that it may be difficult to raise additional funds through traditional financing sources in light of the lack of tangible progress towards completing its merger with Digital World.

But what happened to Trump’s platform, even though the man is a high-class merchant, a large real estate owner, and has known how to manage his business for many years? Is it the intense competition with other platforms like “X,” or other reasons, or all of them together?

According to previous reports, there were a number of early signs that Social Truth was in decline, one of which was that it was under federal investigation.

The issue of privacy also raised concerns among many users on social media sites, as observers considered it a platform that may be merely a data mining operation.

The platform allows itself to sell or give your email address to other companies for their own marketing purposes if you give them permission.

Related Articles
doolik website logo
Social media has become an integral part of modern life, continuously evolving and adapting to new technologies and user behaviors. As we look to the future, several emerging trends promise to shape the next generation of social media platforms and user experiences. From the rise of artificial intelligence to the growing importance of privacy, these trends offer a glimpse into what lies ahead for social media.
doolik website logo
Amidst the backdrop of Covid-19 and ensuing lockdowns, shopping habits have undergone a seismic shift, particularly among younger demographics. Social media platforms, notably TikTok, have blurred the lines between browsing and buying, catalyzing what experts now call a cultural phenomenon: #TikTokMadeMeBuyIt. This viral hashtag has been used over seven billion times, illustrating the platform's immense influence in driving consumer behavior.
doolik website logo
Social media marketing is essential for businesses, offering vast reach and engagement. However, it also poses ethical challenges. Transparency and authenticity are vital for building trust and maintaining ethical standards. This blog highlights the importance of these principles and how businesses can uphold them.
Live Video Streaming
Live video streaming lets you engage with your audience in real time with a video feed. Broadcast your daily show to your audience with no limits, no buffering and high quality videos. Reach all devices anytime anywhere with different video qualities that suits any device and any connection.
$1,120/YE*
The website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.
ACCEPT