‘Truth’ Social stock hits all-time low; userbase craters…

Shares in Trump Media & Technology Group, the company behind US President Donald Trump’s Truth Social platform, have fallen to a record low amid declining user traffic and financial difficulties.

According to Futurism, the company’s shares dropped more than 7.5 percent on Monday, October 19, reaching an all-time low of $6.40.

The stock has also declined approximately 29 percent over the past month, raising concerns about the company’s financial outlook.

Analytics data cited by the Daily Beast indicated that Truth Social’s daily traffic had fallen by more than 30 percent over the past year.

The company has continued reporting substantial quarterly losses despite efforts to diversify its operations.

Recent initiatives include ventures into cryptocurrency, gambling-related services and a proposed merger with a nuclear fusion company.

Truth Social has also introduced paid early access to Trump’s messages, attracting criticism over potential commercial benefits linked to his presidency.

These developments have intensified questions about the platform’s long-term financial sustainability.