Truth Social is a social media platform launched to provide an alternative to mainstream networks. With rising interest in its political backing and business structure, many wonder who owns Truth Social. This article explores the platform’s company profile, ownership, financials, and associated businesses.
Truth Social Company Profile
Truth Social is a social media platform launched in response to what its creators called censorship on major tech platforms. It was developed as a free-speech alternative to Twitter, Facebook, and YouTube. The platform is focused on allowing open political discourse and attracting a user base aligned with conservative values.
The platform was announced in October 2021 and officially launched in February 2022 for iOS users. It later became available on Android and web browsers. Truth Social’s layout, features, and functionality closely mirror Twitter, allowing users to post, repost, like, and comment.
Company Details
Truth Social is owned and operated by Trump Media & Technology Group (TMTG), a media and tech company founded to counter Big Tech censorship and bias. The company is incorporated in the United States and is headquartered in Sarasota, Florida.
TMTG is a publicly traded company as of March 2024, listed on the NASDAQ under the ticker symbol DJT following a merger with Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC).
TMTG’s mission includes not only running Truth Social but eventually building a broader media empire that includes video streaming and news distribution platforms.
Founders
Truth Social was founded by Donald J. Trump, the 45th President of the United States. After being banned from Twitter and Facebook in early 2021, Trump and his team began working on creating a platform where political views like his would not be censored.
While Trump is the key figure and founder, the development and business side of the platform involved several key contributors:
- Devin Nunes, a former U.S. Congressman, was appointed as CEO of Trump Media & Technology Group in January 2022.
- Scott St. John, a television producer, was reportedly involved in plans for TMTG’s future entertainment products.
- Wes Moss and Andy Litinsky, former contestants on “The Apprentice,” were early contributors to the company’s strategy and product development, though their roles later became subject to legal disputes.
Major Milestones
October 2021
Trump announces the launch of Trump Media & Technology Group and introduces Truth Social as its first product.
February 2022
Truth Social launches for iOS users in the United States. The launch saw initial technical issues and long waitlists for account creation.
May 2022
Truth Social becomes available on web browsers, expanding accessibility beyond the iOS ecosystem.
October 2022
Truth Social becomes available on Android via Samsung Galaxy Store and later on the Google Play Store.
2023
Truth Social sees moderate user base growth but limited advertising revenue. Political events drive spikes in user engagement.
March 2024
TMTG completes its long-delayed SPAC merger with DWAC. The company begins trading on NASDAQ under the ticker symbol DJT. This milestone significantly increases Donald Trump’s net worth due to his majority shareholding.
2025
Truth Social remains operational with a strong political user base. While financial performance remains modest, the platform’s cultural and political influence remains significant.
Who Owns Truth Social?
Truth Social is owned and operated by Trump Media & Technology Group (TMTG). The platform was created to offer an uncensored alternative to mainstream social media, driven by former U.S. President Donald J. Trump, who is also the majority owner of the parent company.
TMTG is the legal entity behind Truth Social. It controls the brand, its operations, business decisions, and any strategic developments related to the platform.
Parent Company: Trump Media & Technology Group (TMTG)
Trump Media & Technology Group is the sole parent company of Truth Social. It was founded in 2021 with a mission to counter “Big Tech censorship” and build a media ecosystem around conservative voices.
TMTG’s mission extends beyond social networking. Its plans include launching a subscription-based streaming platform (TMTG+) and a news division, although neither has launched as of mid-2025.
The company is publicly traded under the ticker symbol DJT, following a SPAC merger with Digital World Acquisition Corp. TMTG operates as a standalone tech-media company with Truth Social as its flagship asset.
Donald Trump’s Ownership Stake
Donald J. Trump is the largest individual shareholder in TMTG. He holds about 58% of the company’s stock. This gives him not only financial control but also influence over its mission, policies, and public messaging.
Trump’s ownership is both direct and through the merger agreement. His share value has fluctuated based on market trends and political momentum but remains in the billions.
He is also the founding figure, the face of the platform, and central to its identity and growth. His public statements, legal battles, and election campaigns often drive user engagement on Truth Social.
Merger Details
Truth Social has not been acquired by any external company. However, there was a major corporate merger that shaped its current ownership structure.
In March 2024, Trump Media & Technology Group completed a merger with a SPAC called Digital World Acquisition Corp (DWAC). This merger allowed TMTG to become a publicly traded company on NASDAQ. The process took over two years due to regulatory scrutiny and SEC investigations into disclosure practices.
The merger was not a buyout or acquisition in the traditional sense. It was a reverse merger allowing TMTG to access public markets without going through a traditional IPO. As part of this deal:
- Trump received a large shareholding in the public entity.
- DWAC shareholders received equity in the new merged company.
- TMTG gained significant funding but also became subject to public market regulations.
No other company or media conglomerate owns a significant stake in TMTG or Truth Social as of 2025.
Other Ownership and Legal Details
A few early contributors to the Truth Social project, such as Andy Litinsky and Wes Moss, later filed legal claims over promised equity. These lawsuits alleged that they were promised shares in exchange for their work on the platform. However, Trump and TMTG have denied such claims and the legal disputes are ongoing.
Despite becoming a public company, institutional ownership remains low. Most of the publicly traded shares are held by retail investors and PIPE participants from the SPAC phase. There are no major institutional stakeholders that control or influence platform decisions.
The board of directors is primarily made up of Trump allies and loyalists, including Devin Nunes (CEO) and other political figures aligned with the Trump movement.
Truth Social and its parent company have not sold any controlling interest to outside parties, private equity, or Big Tech investors. The platform remains politically and financially aligned with Donald Trump.
Who is the CEO of Truth Social?
As of 2025, the CEO of Trump Media & Technology Group, and thus Truth Social, is Devin Nunes. A former U.S. Congressman, Nunes took over the CEO role in January 2022.
Here’s a quick summary of Truth Social’s CEO:
| Area | Details |
|---|---|
| Name | Devin G. Nunes |
| Background | Former U.S. Rep., House Intel Chair |
| CEO Since | January 2022 |
| Responsibilities | Operations, strategy, growth initiatives |
| Compensation | ~$47M total in 2024 |
| Controversies | Exec resignations, stock manipulation accusations |
| Government Role | Chairman, President’s Intelligence Advisory Board |
Biography of Devin Nunes
Devin G. Nunes is a former U.S. Congressman from California’s Central Valley. He served ten terms in the House, including as Chairman of the House Intelligence Committee during Donald Trump’s first term. In January 2022, at Trump’s request, he left Congress to become CEO of Trump Media & Technology Group (TMTG), the parent company of Truth Social.
Appointment as CEO
Trump selected Nunes to lead TMTG in December 2021. His political ties and alignment with the administration made him a central figure in realizing the “free speech” vision for the platform. Under his leadership, Truth Social launched on iOS, Android, and the web, and later achieved a reverse-SPAC merger to list publicly on Nasdaq under ticker “DJT”.
Roles and Responsibilities
As CEO, Nunes oversees strategy, operations, and media expansion. He manages Truth Social while guiding TMTG’s broader ambitions: growth in social media, streaming (TMTG+), and fintech initiatives. In June 2025, he announced a major Bitcoin treasury plan under SEC registration—a $2.3 billion initiative aligned with growing crypto ambitions.
Compensation
In 2024, Nunes received a total compensation of approximately $47 million—including a $1 million base salary, $600,000 bonus, and $44.1 million in stock awards—despite the company posting a $401 million net loss on $3.6 million in revenue.
Controversies and Criticisms
Several recent allegations questioned Nunes’s leadership. In late 2024, multiple Trump Media executives resigned amid internal complaints accusing Nunes of mismanagement—such as misuse of funds, questionable contractor hires, and interference with product development. He also publicly accused prominent trading firms like Citadel of “manipulating” TMTG’s stock—a claim strongly denied by Citadel.
Expanded Government Role
In December 2024, Donald Trump appointed Nunes as Chairman of the President’s Intelligence Advisory Board (PIAB). Nunes retained his CEO position at TMTG while taking on this additional role, highlighting his influence in both media and political spheres.
Truth Social Annual Revenue and Net Worth
Truth Social, as a standalone platform, generated very limited direct revenue in 2025. Based on filings and internal segment analysis, the platform itself earned an estimated $1.1 million to $1.3 million for the full year 2025.
Sources of Revenue
Truth Social’s revenue primarily came from:
- Advertising: Small-scale ads targeted toward a politically aligned user base. The platform has not attracted major brands or large ad spend.
- Promotional content: Some limited sponsored posts from merchandise sellers and political campaigns.
- Affiliate marketing: Truth Social has tested monetization through links to Trump-branded merchandise and services.
The platform does not have a subscription tier or in-app purchases, making its revenue structure highly dependent on its advertising ecosystem, which remains niche and underdeveloped.
Revenue Challenges
Truth Social faces ongoing challenges in revenue growth:
- Low advertiser interest due to political polarization.
- Limited active user base compared to platforms like X (formerly Twitter).
- Brand safety concerns have kept major corporate sponsors away.
Despite small growth in Q1 2025 compared to Q1 2024, the platform remains far from profitability and relies heavily on funding from TMTG.
Here’s a summary of financial metrics:
| Metric | Value |
|---|---|
| Estimated Annual Revenue | $1.1M – $1.3M |
| Primary Revenue Source | Ads and promotions |
| Estimated Net Worth | $1.5B – $2B |
| Profitability | Not profitable |
| Monthly Active Users (MAUs) | ~3–4 million |
Truth Social Net Worth (2025)
Since Truth Social is not a separately traded entity, its net worth must be estimated based on internal valuations and its contribution to TMTG’s overall value.
Analysts estimate Truth Social’s platform-specific valuation at $1.5 billion to $2 billion in 2025. This figure is based on:
- Its user base of roughly 3 to 4 million monthly active users.
- Its branding as the core asset of TMTG.
- Market sentiment tied to Donald Trump’s 2024 campaign and political activity.
This valuation is not based on earnings or revenue multiples, but rather on speculative investor interest and brand association with Donald Trump.
Operating Costs
Truth Social incurs significant costs, including:
- Cloud infrastructure and hosting (through Rumble Cloud and RightForge).
- Content moderation (outsourced, with AI and human review).
- Legal and compliance expenses tied to data privacy and political content.
These costs far exceed revenue, resulting in a net operating loss at the platform level.
Here is a historical table showing Truth Social’s estimated revenue and net worth from its inception through 2025:
| Year | Revenue (USD) | Net Worth / Estimated Valuation (USD) | Notes |
|---|---|---|---|
| 2021 | $0 | $100 million (early SPAC projections) | TMTG and Truth Social announced in October |
| 2022 | ~$500,000 | $1.0–1.5 billion | Official iOS launch in Feb 2022; Android in Oct |
| 2023 | ~$1.0 million | $1.8–2.2 billion | Gradual growth in users and market buzz |
| 2024 | ~$1.2 million | $2.0–2.5 billion (peak during SPAC merger) | Valuation peaked post-NASDAQ listing |
| 2025 | ~$1.1–1.3 million | $1.5–2.0 billion | Declining valuation due to financial losses and market adjustment |
Brands Owned By Truth Social
As of 2025, Truth Social functions mostly as a standalone social media platform under the TMTG umbrella. However, it has developed a few internal services, platform integrations, and digital features that can be considered sub-brands or internal verticals.
Here’s a list of the major brands and subsidiaries owned by Truth Social:
| Brand/Entity Name | Type | Description | Launch Status | Purpose/Function |
|---|---|---|---|---|
| Truth Feed | Core Feature | Main timeline where users post “Truths,” images, links, and comments | Launched (2022) | Central user engagement and content distribution tool |
| ReTruths | Platform Mechanic | Equivalent of “reposts” or “retweets” within the platform | Launched (2022) | Drives viral content and user interaction |
| Truth Social Web | Access Platform | Browser-based version of the app for desktop and non-mobile users | Launched (2023) | Broadens accessibility; mirrors app features |
| Verified Truth | Trust Feature | Account verification system for public figures and influencers | Launched (2022) | Builds trust, prevents impersonation |
| Trump Content Integration | Proprietary Channel | Dedicated feed and notification system for Donald Trump’s posts and updates | Ongoing since 2022 | Promotes Trump-branded content; political and engagement driver |
| Truth Social Notifications | Internal Tool | System for delivering app alerts, push notifications, and moderation messages | In use (2022 onward) | Enhances user engagement and alert-based reach |
| Truth Social Ad Platform (Beta) | Monetization Tool | Early-stage advertising engine for sponsored posts and promotions | Beta (2025) | Enables revenue generation through ads |
Truth Feed
Truth Feed is the core timeline or content stream within Truth Social. It serves as the equivalent of a “news feed” or Twitter timeline. It’s where users post “Truths” (posts), “ReTruths” (reposts), images, links, and videos.
Truth Feed has evolved over time to include:
- Custom trending topics.
- Real-time engagement tracking.
- In-app links to Trump campaign content and official statements.
While not a separate app, Truth Feed is branded prominently inside the platform and serves as its main user experience.
ReTruths
“ReTruth” is the official term used for reposts or retweets on the platform. It has become a branded term that defines user interaction within the Truth Social ecosystem. ReTruths serve as a marker of viral content within the platform’s network.
Though not a brand in a commercial sense, it is treated internally as a user behavior asset that defines platform identity.
Truth Social Web
Truth Social Web is the desktop browser version of the platform. It was rolled out after the mobile apps, and it allows users to access the same features through Chrome, Safari, Firefox, and other browsers.
The web version is maintained as a standalone product within Truth Social’s infrastructure. It includes:
- A dedicated content moderation system.
- Cross-device syncing.
- Embedded live content from partner feeds.
This web portal acts as a digital touchpoint for users who don’t use the mobile app.
Verified Truth
Verified Truth is the internal account verification system used to distinguish public figures, politicians, media personalities, and influencers.
Rather than using the open “blue check” approach used by X (Twitter), Truth Social maintains a closed verification system. The process is manual, and accounts marked with a verification badge go through internal review.
Verified Truth is positioned as a trust-building sub-brand and is part of platform identity.
Trump Content Integration
Truth Social has a dedicated system for promoting Donald J. Trump’s personal account and campaign content. This includes:
- Exclusive notifications when Trump posts.
- Special placement of his content on the feed.
- Integration with the Trump Campaign store and news.
Though not branded as a standalone company, this content pipeline functions like a vertical channel within Truth Social and serves as a platform-defining feature.
Truth Social Notifications Platform
This internal tool manages push notifications, app alerts, content moderation alerts, and promotional messages. In 2025, it was enhanced with targeted delivery for political announcements and crypto-related updates, especially linked to TMTG’s Bitcoin reserve strategy.
It is a background operational asset but branded internally for use in direct marketing.
Truth Social Ad Platform (Beta)
In early 2025, Truth Social began testing its own ad placement engine, targeted at small businesses and political campaigns. While still in beta, this Truth Ad Platform includes:
- Sponsored posts labeled as “Promoted Truths.”
- Basic geo-targeting and interest targeting tools.
- Manual ad review and approval.
It is designed as a lightweight alternative to the ad systems on Meta or Google.
Final Thoughts
Truth Social is owned and controlled by Trump Media & Technology Group, with Donald Trump as the majority shareholder. Despite modest financial results, the platform has a loyal user base and strong political identity. The company’s public listing and high valuation reflect its cultural and political impact more than its business fundamentals.
As the company evolves, the question of who owns Truth Social remains closely tied to Donald Trump’s leadership and influence. Whether it will grow into a full media empire depends on upcoming business expansions and investor confidence.
FAQs
What is Truth Social?
Truth Social is a social media platform launched in 2022 by Donald J. Trump as an alternative to mainstream platforms like Twitter and Facebook. It promotes itself as a “free speech” network that allows open political discussion, primarily attracting conservative and right-leaning users. The app mimics Twitter in design, allowing users to post “Truths,” share “ReTruths,” and follow trending political content.
Who owns Truth Social?
Truth Social is owned by Trump Media & Technology Group (TMTG), a publicly traded company listed on NASDAQ under the ticker DJT. The majority shareholder is Donald J. Trump, who controls about 58% of the company.
Who is behind Truth Social?
The platform was founded by Donald J. Trump. Key figures behind its operations include former Congressman Devin Nunes, who serves as CEO, along with early contributors like Andy Litinsky and Wes Moss. Technical development and operations are managed by TMTG’s internal team and external contractors.
Is the Truth Social app free?
Yes, the Truth Social app is completely free to download and use. It is available on iOS, Android, and through web browsers. There are no subscription fees or paid premium features as of 2025.
Which social media does Trump use?
Donald Trump primarily uses Truth Social as his main platform for posting public statements, campaign messages, and reactions to political events. While he has regained access to Twitter (now X) and Facebook, he continues to post almost exclusively on Truth Social.
Who is the parent of Truth Social?
The parent company of Truth Social is Trump Media & Technology Group (TMTG). This company oversees Truth Social’s operations, strategic direction, and expansion into areas like streaming and fintech.
How many users on Truth Social now?
As of 2025, Truth Social has an estimated 3 to 4 million monthly active users. While this is small compared to mainstream platforms, it has a highly engaged, niche user base primarily composed of politically conservative individuals.
What’s Truth Social net worth?
In 2025, Truth Social’s estimated standalone valuation is between $1.5 billion and $2 billion. This valuation reflects brand power, political influence, and investor speculation rather than strong financial earnings, as the platform remains unprofitable.
Who is the CEO of Truth Social?
The CEO of Truth Social is Devin G. Nunes, a former U.S. Congressman. He was appointed in January 2022 and oversees day-to-day operations, growth strategy, and public communications for the platform and its parent company.