Donald Trump’s New Social Media Business Is Worth an Estimated $10 Billion

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Donald Trump’s new social media site has boomed recently, and as a result, business is looking pretty good for the ex-president…

Thanks to interest in Trump’s new social media site, stocks have skyrocketed…

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And it makes a change for the billionaire, who has seen a significant dip in his earnings since his presidency.

Scroll on to find out more…

Now, Trump ventured into the social media business shortly after his election defeat…

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From the moment Biden was confirmed as the winner on November 7th, Trump went on a Twitter rampage – spreading lies about how the election was “stolen” from him and how Biden was nothing but a fraud.

Trump’s behavior online began to escalate to dangerous levels…

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And the lies he was spreading to his followers ultimately caused the shocking scenes in Washington on January 6th.

After holding a “Save America” rally just a few miles away from the prestigious Capitol building, Trump encouraged his supporters to “take the election back” and “fight like hell”…

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Which lead to thousands of them storming the Capitol and unleashing true havoc.
5 people, including 1 police officer, died on that day including hundreds of others being seriously injured.

People from all around the world were horrified by the violent scenes…

And thousands began calling on Trump to intervene and to tell his followers to back down… Which, of course, he refused to do along with refusing to take responsibility for the actions of the rioters.

This resulted in him being removed from Twitter and all other social media platforms for “inciting violence”…

And ever since, Trump has been painfully absent from all forms of social media.

Of course, we all know how much Trump loved running his mouth via social media…

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So we can’t imagine how much of a kick in the teeth this must have been for him.

The seventy-five-year-old was clearly in a huge sulk over his social media dismissal…

And when the day of Biden’s inauguration arrived, Trump wasn’t present – making him the first U.S president in decades to not attend the inauguration of his successor.

And of course, at any given opportunity, Trump has viciously torn into the president for how “bad” of a job he’s been doing…

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Including at the Conservative Political Action Conference on February 28th, in which Trump well and truly grilled President Biden and his administration.
“We all knew that the Biden administration was going to be bad but none of us even imagined just how bad they would be and how far left they would go,” he told the cheering crowd.

So, it’s safe to say that in the world of U.S politics…

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It’s been an exhausting year so far and we’ve still got another month and a half left.

And it looks set to continue…

As Trump is making a comeback to social media with his very own app.

That’s right, Trump has announced that he is creating his own social media app, named…

Truth Social.

Due to be rolled out next year, the app is Trump’s attempt to rival like of Twitter and Facebook, platforms on which he is still banned.

Trump said: “I’m excited to soon begin sharing my thoughts on Truth Social and to fight back against big tech.”

The Daily Mail reports that he also said: “I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced.”

“This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all.”

Trump’s news wasn’t announced all that long ago, and although the app has not been released yet…

Something already went wrong with the app.

Merely hours after the app was announced people were able to gain access to it and began creating accounts.

Mikael Thalen, a reporter, tweeted that he was able to set up an account with the username @donaldtrump.

But, that’s not all..

Two accounts were created under the usernames “donaldtrump” and “mikepence,” and it appears that “donaldjtrump” account may have already been hacked.

On the “donaldjtrump” account an image was pinned that appeared to mock the former president.

It showed a pig defecating. Big yikes!

So, right now, it doesn’t seem to be going well for him at all…

Or that’s what you’d think, right?

Well, that’s not exactly true, as his new social media site is already worth a lot of money…

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Retail investors were thrust into a frenzy after the news that the site would soon go public, resulting in stock soring.

This caused the value of Truth Social to go up to a whopping $8.2 billion…

And according to Detroit News, Trump owns fifty percent of the company. So that’s one hell of a turnover.

But the real question of whether Truth Social will go bust or not depends on how many people they reach when it comes to advertising…

However, with a lot of people already showing interest in the new site, it looks set to be a winner.

Would you sign up?