Speaker 1: I have to admit, when when I am taking pleasure in someone else's misery, I admit it to
you guys. I do. I don't hide that Donald Trump's truth. Social is collapsing South Central. They
owe more than $1,000,000 to their web hosting company. And according to Tom Bud Gioni for
Salon.com, the platform is rapidly heading for bankruptcy. I admit it. I am taking pleasure
in this. I am Donald Trump's truth. Social is facing some very serious financial problems. They
reportedly owe the web hosting company that they use more than $1,000,000 already. They are having
problems with some of their intellectual property trademark registrations. In a filing this week,
Digital World Acquisition, which planned to take the Trump Media and technology group public,
is now issuing warnings about what the future may bring. Isn't that sad? Quote, The company warned
this week that its businesses could be damaged if Trump becomes less popular or there are further
controversies that damage its credibility. The company has seen its stock price plunge nearly 75%
since its March peak and reported in a filing last week. It lost $6.5 million in the first half of
the year. The company's financial base has begun to erode. The Trump Company stopped paying Right
Forge, a conservative web hosting service in March and now owes it more than $1,000,000. This is a
I'm going to tell you guys, this is a delightful fete. And I have to tell you, I'm not taking
pleasure in this because I want some authoritarian censorship of the platform. I'm taking pleasure
in it because it's the free market. Deciding the platform is so lame, no one cares. It's
not popular. Producer Pat mentioned on the bonus show you. Yesterday that many people have accounts
only to be able to see what other people are posting, not because they want to post anything,
just because you have to have an account. At last we checked in order to see the things that are
posted. Here's a report from MSNBC about this. Speaker 3: Former President Trump's social media
platform is facing money problems right now. True social doesn't have a guaranteed source of
income and it doesn't get any. It could go bust. A new SEC filing from the company planning to take
to social public is warning of damages to the already slowing business. If, oh, president,
quote, becomes less popular or there are further controversies that damage his credibility. Now,
this comes as the platform has reportedly stopped paying its Web hosting service and now owes
it more than $1 million, this according to Fox Business. Let's bring in NBC News senior reporter
Ben Collins. And here's why we're bringing in Ben, because you're an expert on the Internet.
Speaker 1: This is really the best. Speaker 3: So my first question is just
how popular or not popular is truth, social? I mean, does the former president have reason
to be concerned? Speaker 1: Yes.
Speaker 2: It's not popular at all. Let's be real about this. Donald Trump is the primary
user on that platform and even he only gets a few thousand likes or what they call them,
recruits or posts. Speaker 1: They're true.
Speaker 2: His website exists so it can be screenshotted and posted onto bigger platforms,
Facebook and Twitter places that he has been banned from. He wants to be
able to tweet. This is his way to tweet. Speaker 1: All right. Anyway, so I think
you guys get what's going on. This this is a what's great about this is the right. Lives in
an imaginary world and one of the totally fantasy world beliefs that the right has constructed about
social media obviously that right wingers are being overwhelmingly censored and depressed by
the jackbooted terms of service moderators or whatever the case may be, but also that there's
just a massive demand from right wingers for a so-called free speech platform, and that as
soon as one is available, they're going to flock to it right away. Twitter was copied over into
truth a truth central. It's just a clone. It looks just like Twitter. They just copied it. So when it
comes to functionality, you would think that if there was really such a demand, that wouldn't
be an impediment to people going over the truth. But people aren't doing it, and it's because there
isn't actually demand for that. I hope that it fails and it seems to be going in that direction