Trump’s Inconvenient Truth: Ex-President Lost $700M MILLION Due to Truth Social Fail

Donald Trump’s net worth has fallen by $700 million since last fall, with the loss largely attributed to the failure of his site Truth Social.

The former president’s net worth fell from $3.2 billion to $2.5 billion ahead of his landmark indictment today, according to analysis by Forbes.

Truth Social — which Trump used aggressively leading up to his arrest — is responsible for $550 million of the drop alone.

The news comes as it was revealed he faces up to 136 years in prison for 34 felonies, revealed today in an unsealed indictment.

Initial predictions suggested that the platform – designed to rival Twitter – would have 81 million users by 2026, but currently it only has 5 million.

Truth Social alone shaved $550 million off Trump’s net worth after social media site failed to generate tens of millions of users

Today, the shares of the acquisition company Digital World Acquisition Corp. from Truth Social traded at about $14 apiece — down from $97.54 on March 4.

Trump launched Truth Social in October 2021 — nine months after being banned from Twitter, which accused him of misusing the platform to incite violence among his followers.

The venture was expected to increase its fortunes by the billions, with shares in Digital World rising from $10 to $175 within days of the announcement.

But it proved unpopular, even with his most die-hard fans.

And the problem was exacerbated by billionaire Elon Musk’s takeover of Twitter, which reversed the ban on Trump and other right-wing figures, weakening arguments for an alternative platform.

Truth Social estimates about 100,000 users per month, which means that at its current rate, it wouldn’t hit its projected 81 million users until 2086.

Digital World plans to take the company public and has until September 8 to finalize the merger.

But the company has also plunged into chaos after CEO Patrick Orlando was sensationally fired “due to unprecedented headwinds the company was facing.”

Shares in Truth Social’s acquisition company Digital World hovered around $14 apiece today, up from nearly $100 on March 4

Trump posts regularly on his Truth Social account, especially leading up to his arrest

Forbes calculates that Truth Social is now worth $42 per user, meaning Trump’s 85 percent stake in the company is probably worth $180 million today.

The drop was partially responsible for Trump plummeting 205 spots on the 2023 World Billionaires list to No. 1,217.

Forbes concludes that the site will likely join Trump Steaks, Trump University and GoTrump.com in the graveyard of failed Trump ventures.

Trump constantly uses the profile to document the events surrounding his landmark indictment, which involves a $130,000 hush money payment to porn star Stormy Daniels.

Earlier today he wrote on the platform: “THE RADICAL LEFT DEMOCRATS HAVE CRIMINALIZED THE JUDICIAL SYSTEM. THIS IS NOT WHAT AMERICA SHOULD BE!’

Donald Trump pleaded not guilty to 34 counts of business record falsification when he faced a New York judge this afternoon — becoming the first United States president to be indicted and charged with a felony.

Photos show Trump, 76, sitting next to his defense team in Manhattan’s courtroom with a frosty look ahead of the unprecedented hearing.

The former president quietly walked into the courtroom after surrendering, was arrested and fingerprinted as the press called questions. He avoided handcuffs and placement in a cell.

Donald Trump made history Tuesday when he faced a court in Manhattan and became the first former United States president in history to face criminal charges

Chaos broke out at the Manhattan courthouse this morning ahead of Trump’s impeachment. Trump fan Juliet Germanotta, dressed in a denim jacket and MAGA hat, throws herself over a Trump banner outside the courthouse

Pictured, Germanotta is arguing with one of his critics after he attempted to take down an anti-Trump sign outside Manhattan’s Criminal Courthouse

Outside Trump Tower, Democrat protesters rang cowbells in the morning and ordered the former president to “wake up and smell the justice.”

At the courthouse, journalists from all over the world lined up all night to secure their place in the courtroom. After dawn, protesters descended on the building on both sides and were separated by NYPD barricades.

In dramatic scenes, Trump fan Juliet Germanotta threw herself at an anti-Trump banner and tried to tear it up.

She was met with disbelief from the protesters who put it up and a shuffling back and forth ensued, during which she screamed, “I have COVID!”