- Trump Media & Technology Group, parent company of Truth Social, has laid off about half a dozen staff members, including senior members of its ranks.
- Some close to Trump Media estimate it can fund operations through September at present spending levels.
- Truth Social's monthly web and desktop visits reached a high of 11.5 million visitors in August 2022 but have been on the decline since then, falling to just 5.7 million in February.
- The company is waiting for regulatory approval for a merger with Digital World Acquisition Corp.
Donald Trump’s Truth Social Cuts Staff as SPAC Languishes
The company behind former President Donald Trump’s Truth Social has trimmed staff while awaiting regulatory approval for a merger that offers a financial lifeline, according to two people with knowledge of the matter.
Julia Love
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