Donald Trump's Social-Media Company Is in Serious Trouble

Donald Trump has never hidden his goal in launching Truth Social: to challenge Silicon Valley's hegemony.

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Former president Trump reacted angrily to what appeared to be a humiliation: he was barred from major social-media platforms that influence public opinion and trends.

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One day after the events of January 6, 2021, when his supporters stormed the Congress in Washington

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the three major social networks in the United States, Facebook, YouTube and Twitter banned him.

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The real estate developer, who has millions of fans and supporters,

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then promised to launch his own social network as a safe space for conservatives to express themselves and to continue to build the Trump brand.

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Truth Social received a flood of downloads on Apple's (AAPL) iOS app when it first launched in February. In May,

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It was made available to all iOS users in the United States. But the euphoria seems to have died down.

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