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Salon
Salon
Politics
Tom Boggioni

Truth Social headed for bankruptcy

This illustration photo shows a person checking the app store on a smartphone for "Truth Social", with a photo of former US president Donald Trump on a computer screen in the background, in Los Angeles, October 20, 2021. (CHRIS DELMAS/AFP via Getty Images)

According to a report from the Washington Post, prospects that Donald Trump's Truth Social will survive are growing bleak with the company that had planned to take the social media platform public now suggesting that a probable bankruptcy is on the horizon.

As the report points out, Truth Social has not been paying for web-hosting fees to the point where attorneys are now involved, traffic is collapsing, the value of stock in the company is plunging and money is running out.

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