Trump’s Truth Social Owes Web Hosting Services $1.6 MILLION, New Report Says
Trump’s Truth Social owes its web hosting services $1.6 MILLION and could be sued, new report says
- Trump launched Truth Social in February, but faced a series of problems
- New report claims he hasn’t paid for web hosting since March
- The result is a $1.6 million bill and looming legal action, sources say
- He also faces investigations from financial regulators and a grand jury.
- It was developed after Trump was banned from other social media platforms
Donald Trump’s social media platform may have seen a surge in new users since the FBI’s search for his Mar-a-Lago property, but a new report suggests Truth Social owes more than one million dollars for the web hosting service and the dispute is heading to court.
The tech company has faced a series of issues since its launch, ranging from a sluggishness to an investigation by financial regulators.
He signed a deal with RightForge, which focuses on conservative causes, for hosting services.
But three people familiar with the dispute say Truth Social has not made any of its monthly payments since March, racking up $1.6 million in debt.
Now, RightForge is preparing to file a lawsuit, according to Fox Business.
“Our founding vision is to create a second Internet to support American ideas online,” RightForge chief executive Martin Avila said in a statement, while declining to comment on the claims themselves.
“RightForge believes in the mission of President Trump’s Free Speech Platform and wishes to continue to support the President in his media efforts.”
Donald Trump’s Truth Social was launched in February, but now owes a web hosting company more than $1 million, according to a new report
Some three million people have now downloaded Truth Social, but the company behind it is under investigation by financial regulators
Truth Social did not return a request for comment.
The platform was launched in February to serve as a spokesperson for the former president, who was banned from Twitter, Facebook and YouTube following the January 6 attack on the US Capitol.
Since then, he’s used it to maintain a steady stream of commentary on mid-term races, Joe Biden’s performances and the raid on his Florida home.
However, it has failed to attract a large following – and its numbers are well below mainstream platforms like Twitter, Facebook and even far-right site Gab, which sees tens of millions of monthly users.
Some industry experts point out that it’s still not available to Android phone users – a system with it is more popular with Trump fans than iPhones.
But structuring the business could prove even more problematic.
Download rate jumped 550%, according to Data AI
Authorities stand outside Mar-a-Lago the day after the FBI raid, which was linked to an investigation into whether Trump took over the White House when he left office
Truth Social is owned by Trump Media and Technology Group, a holding company that eventually aims to get into streaming and other online services.
But its plan to go public by merging with the special purpose acquisition company Digital World Acquisition Corp., or SPAC, has been put off indefinitely.
The Securities and Exchange Commission and a Justice Department grand jury have launched investigations, amid allegations that the two companies may have violated merger rules.
Both companies say they are cooperating with the probes.
Trump himself faces a series of legal difficulties.
More recently, FBI agents recovered boxes of classified documents from his home in Florida, as the Justice Department investigates the deletion of hundreds of White House records when Trump left office.