Mary Trump has criticized her uncle Donald Trump’s social media platform, Truth Social, saying that it is bound to fail. She pointed out various issues with the platform, including technical glitches, user interface problems, a lack of unique content, and a decreasing number of users. Mary Trump also highlighted the fact that Donald Trump’s net worth has shrunk by $1 billion, with his company, Trump Media & Technology Group, losing over $58 million in 2023. The company admitted that it would continue to incur “operating losses” for the foreseeable future, leading to a sharp decline in its stock valuation. Financial experts have warned investors that Truth Social has become a “meme stock,” making it an extremely volatile and risky investment.
Former President Donald Trump has been actively posting on Truth Social, sharing over 70 messages on Easter Sunday which criticized his political enemies and shared press coverage about him. He also shared articles criticizing President Joe Biden’s economic policies and polls suggesting that he would win the November presidential election. In one post, he accused his critics of election interference and raged against efforts to prosecute him in his multiple indictments, to which he has pleaded not guilty. Despite criticisms from Mary Trump and others, some of his supporters on Truth Social have expressed positive feedback, praying for him and asserting that America would be finished if he is not re-elected.
Mary Trump’s criticism of Truth Social includes the platform’s inability to provide a compelling alternative to established social media platforms, leading to a shrinking user base and declining valuation. She emphasized that the platform’s value is based on social media buzz rather than financial strength, making it a risky investment for anyone who buys its stock. The company’s recent financial reports show significant losses and little revenue generated in 2023, with projections of continued operating losses in the future. This has resulted in a loss of billions of dollars from the company’s valuation in a week, illustrating the financial challenges that Truth Social faces.
In addition to his activity on Truth Social, Donald Trump has also used the platform to criticize Judge Arthur Engoron and New York Attorney General Letitia James over his civil fraud case. A New York appeals court gave him 10 more days to post a $175 million bond and satisfy the judgment in the case, a smaller amount than initially required. Trump denies any wrongdoing and is appealing Engoron’s ruling that he inflated the value of his assets. He has since posted the $175 million bond to prevent James from seizing any of his assets or bank accounts during the appeal proceedings. The former president was originally ordered to pay $454 million in damages, with Engoron finding him liable for misleading lenders along with others associated with The Trump Organization.
Overall, Mary Trump’s criticisms of Truth Social highlight the platform’s various shortcomings, including technical issues, a lack of unique content, and financial struggles. Donald Trump’s active presence on the platform, where he shares his views and criticizes his opponents, has garnered mixed reactions from users, with some supporters expressing unwavering loyalty while others question his actions. The continuous controversies surrounding Trump’s legal battles and financial challenges add another layer of complexity to the discussions surrounding his social media platform and his future endeavors in politics and business.
