(FiveNation.com)- Two top executives at Donald Trump’s internet start-up Truth Social have offered their resignations, adding to the ex-president’s mounting troubles with his bid to build a conservative social media platform.
Truth Social’s chiefs of technology and product development, Josh Adams and Billy Boozer, joined the company last year and soon became critical pieces of the effort to construct a social media empire that would challenge what many conservatives see as left-wing “cancel culture” repression.
However, insiders stated on Monday that the two had quit their senior positions at a crucial time, just before the rollout of the company’s smartphone app.
The resignation came after the company’s iPhone app had a rocky launch on February 20. Many people are still on the waiting list for access to the platform.
Devin Nunes, the CEO of Trump Media & Technology Group (TMTG), a former Republican congressman, stated publicly that the business hoped to have the app fully functioning in the United States by the end of March.
The corporation has an iPhone app but none for Android phones, which account for more than 40% of the market in the United States. TMTG is actively looking for an engineer to help them develop one.
Truth Social is one of a rising number of internet companies that appeal to conservatives and promote themselves as free-speech advocates. More than a year after being banned from Twitter, Facebook, and YouTube for allegedly encouraging or praising violence during the January 6 incident at the US Capitol, the platform guaranteed Trump unrestricted connection with his public.
How is TMTG supporting its expansion? The company intends to go public by merging with the blank-check company Digital World Acquisition Corp. (DWAC). The purchase is being scrutinized by the Securities and Exchange Commission and is likely to take months to complete.
Investors have committed $1 billion to TMTG, but they will not transfer the funds until the DWAC acquisition is completed. The stock of DWAC plunged 13% after the market opened on Monday, while Twitter’s stock soared 25% following an investment by Tesla CEO Elon Musk.
The extent to which Trump is involved with Truth Social is unknown. So far, since February 14th, the former president has only made one post – or “truth” – on the site, writing, “Get Ready! Your favorite President will see you soon!”
The Truth Social app’s downloads have plummeted substantially. According to the data analytics firm Sensor Tower, Truth Social was downloaded 866,000 the week of its launch. Only 60,000 downloads occurred the week of 14 March.
The Truth Social app has been downloaded 1.2 million times in total. This is much fewer than competing conservative apps Parler and Gettr. They have been downloaded 11.3 million and 6.8 million times, respectively.