Truth Social starts earning from early access service
Truth Social, the platform affiliated with former U.S. President Donald Trump, announced revenue generated from a new service that allows users to pay for early access to his posts, aiming to generate income through the platform he founded in 2022 after being banned from Twitter. The service, which charges monthly subscription fees ranging from $60,000 to $100,000, has been profitable since its launch on August 1st, despite facing criticism. It has successfully attracted a number of institutional clients. At the same time, the company's financial results showed significant losses in the second quarter of the year, totaling $238 million, primarily due to the decline in the value of digital and non-cash assets. However, it recorded revenues of $1.7 million, a 89% increase compared to the previous year. The company aims to leverage this service to achieve direct financial gains from early access to Trump's posts, despite the accompanying criticisms.
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