Mary Trump Says Truth Social ‘Destined for Failure’

Mary Trump has criticized Donald Trump’s social media platform Truth Social, claiming that it is “destined for failure.”

Over the weekend, her uncle’s activity on Truth Social raised concerns among his critics. On Easter Sunday, the former president posted over 70 messages on the platform criticizing his political enemies and sharing press coverage about him. In one post, he shared an article criticizing President Joe Biden’s economic policies and in another, he shared polls suggesting Trump will win November’s presidential election.

Donald Trump then shared an Easter message in capital letters accusing his critics of election interference and raging against efforts to prosecute him in his multiple indictments, to which the presumptive 2024 Republican presidential nominee has pleaded not guilty.

Now, Mary Trump—a writer and outspoken critic of her uncle—has taken to her “The Good in Us” newsletter to point out the social media platform’s failings.

Newsweek emailed spokespeople for Donald and Mary Trump for comment on Tuesday.

“There is little hope that Donald will ever be able to turn Truth Social into a successful social media platform,” she wrote.

“From technical glitches and user interface issues to a lack of unique content, Truth Social has struggled to provide a compelling alternative to established social media platforms. It’s half a million users are also shrinking, not growing (down 51% year-over-year). Even Threads, Mark Zuckerberg’s new social media platform, ‘has more than 10 times as many users as Truth Social.'”

The former president’s niece also took the opportunity to point out the fact that Donald Trump’s net worth has “shrunk by $1 billion.”

She continued: “The culprit? Donald had to tell the truth about his failing company. In compulsory SEC filings released today, the Trump Media & Technology Group was forced to disclose that it lost more than $58 million and barely generated any revenue in 2023.

“The company also admitted that the ‘operating losses’ would continue ‘for the foreseeable future.’ Just a week ago, valuations of the company reached as high as $10 billion.

“After the news spread of the unlikelihood that Truth Social would ever turn a profit, shares of the stock plunged, erasing as much as $4 billion from the company’s valuation in just a week.”

She went on to say that financial experts have warned Donald Trump’s investors that Truth Social has become a “meme stock.” This is because its value is based on social media buzz as opposed to the company’s financial strength.

Mary Trump said that this has resulted in the stock becoming “extremely volatile and a very risky investment for anybody who buys it.”

To drive her point home, she included a comment from finance professor Jay Ritter, who said Truth Social is “grossly overvalued.” Mary Trump added: “In other words, Donald’s supporters have very likely just watched their money go up in flames.”

While some are critical of the social media platform, Donald Trump received positive feedback from some of his supporters on Truth Social, with one sharing a graphic that said: “I’m praying for you President Trump,” and another commenting: “If he doesn’t get elected, America is finished.”

In other posts over the weekend, Donald Trump criticized Judge Arthur Engoron and New York Attorney General Letitia James over his civil fraud case. Last month, a New York appeals court gave Trump 10 more days to post a $175 million bond and satisfy the judgment in the case, a much smaller total than initially required. Trump denies wrongdoing and is appealing Engoron’s ruling that he inflated the value of his assets.

The former president has since posted the $175 million bond, ensuring that James does not seize any of his assets or bank accounts during his appeal proceedings.

Donald Trump was originally ordered to pay $454 million in damages after Engoron found him and others associated with The Trump Organization liable for misleading lenders.