I haven’t written about Truth Social in a while, but I see that it continues to not be a success. I base that on the fact that Reuters is reporting about the departure of two key execs:
The two Southern tech entrepreneurs had the two qualities that Donald Trump’s Truth Social startup needed: tech-industry expertise and a politically conservative worldview aligned with the former president, a rare combination in the liberal-leaning industry centered in San Francisco.
Josh Adams and Billy Boozer – the company’s chiefs of technology and product development – joined the venture last year and quickly became central players in its bid to build a social-media empire, backed by Trump’s powerful brand, to counter what many conservatives deride as “cancel culture” censorship from the left.
Less than a year later, both have resigned their senior posts at a critical juncture for the company’s smartphone-app release plans, according to two sources familiar with the venture.
The departures followed the troubled launch of the company’s iPhone app on Feb. 20. Weeks later, many users remain on a waiting list, unable to access the platform. Trump Media & Technology Group (TMTG) Chief Executive Devin Nunes, a former Republican congressman, said publicly that the company aimed to make the app fully operational within the United States by the end of March.
That’s not all. It also seems that the parent company behind Truth Social is downsizing staff:
Trump Media & Technology Group, Truth Social’s parent company, laid off about half a dozen people, including senior members of its ranks, such as Chief Technology Officer William “BJ” Lawson, according to the people, who asked not to be identified because the information is private. Lawson was the third person to hold the role at the company. Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people.
It also doesn’t help that the company is still trying to get their merger with Digital World Acquisition Corp. approved by regulators. At this point, you have to wonder how much longer Truth Social will be around. It honestly sounds like they’re on borrowed time. And you have to wonder if Trump’s legal issues will hasten its demise. Or perhaps give it a new life as that’s a safe space for those who believe in Trump.
Watch this space.
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This entry was posted on March 22, 2023 at 12:51 pm and is filed under Commentary with tags Donald Trump. You can follow any responses to this entry through the RSS 2.0 feed.
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Truth Social Continues To Flop As Two Key Execs Quit And Staff Are Downsized.
I haven’t written about Truth Social in a while, but I see that it continues to not be a success. I base that on the fact that Reuters is reporting about the departure of two key execs:
The two Southern tech entrepreneurs had the two qualities that Donald Trump’s Truth Social startup needed: tech-industry expertise and a politically conservative worldview aligned with the former president, a rare combination in the liberal-leaning industry centered in San Francisco.
Josh Adams and Billy Boozer – the company’s chiefs of technology and product development – joined the venture last year and quickly became central players in its bid to build a social-media empire, backed by Trump’s powerful brand, to counter what many conservatives deride as “cancel culture” censorship from the left.
Less than a year later, both have resigned their senior posts at a critical juncture for the company’s smartphone-app release plans, according to two sources familiar with the venture.
The departures followed the troubled launch of the company’s iPhone app on Feb. 20. Weeks later, many users remain on a waiting list, unable to access the platform. Trump Media & Technology Group (TMTG) Chief Executive Devin Nunes, a former Republican congressman, said publicly that the company aimed to make the app fully operational within the United States by the end of March.
That’s not all. It also seems that the parent company behind Truth Social is downsizing staff:
Trump Media & Technology Group, Truth Social’s parent company, laid off about half a dozen people, including senior members of its ranks, such as Chief Technology Officer William “BJ” Lawson, according to the people, who asked not to be identified because the information is private. Lawson was the third person to hold the role at the company. Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people.
It also doesn’t help that the company is still trying to get their merger with Digital World Acquisition Corp. approved by regulators. At this point, you have to wonder how much longer Truth Social will be around. It honestly sounds like they’re on borrowed time. And you have to wonder if Trump’s legal issues will hasten its demise. Or perhaps give it a new life as that’s a safe space for those who believe in Trump.
Watch this space.
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This entry was posted on March 22, 2023 at 12:51 pm and is filed under Commentary with tags Donald Trump. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.