Sunday, December 4, 2022

Trump’s Truth Social App Gets 170,000 Downloads In First Day

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Republican presidential candidate Donald Trump gives a double thumbs-up to the crowd during the … [+] evening session on the fourth day of the Republican National Convention on July 21, 2016, at the Quicken Loans Arena in Cleveland.

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Even amid registration glitches and a lengthy waiting list, President Trump’s new Truth Social app received 170,000 downloads in its first day available, according to data from AppTopia, a site that tracks the app ecosytem.

The former president’s new company, Trump Media & Technology Group, launched the app late Sunday evening—just ahead of the President’s Day holiday. But it’s unclear whether any users have made it onto the app. Some reported problems registering accounts on Monday and then encountering a notification that they were thousands of places behind in a queue to access the app. For now, it is only available as an Apple app download and ranked as high as No. 1 on Apple’s download chart Monday.

The downloads Trump’s app received far outstrip what competing apps see on an average day. TMTG joins a crowded field of other companies hoping to do the same thing: Give a new home to conservatives and others angry at existing social networks like Twitter and Facebook. For perspective, Parler has averaged only about 1,500 downloads per day on Apple over the last month, while Rumble (10,600) and Gettr (12,050) have done slightly better, according to AppTopia data.

Interest in Trump’s plans have bled over onto the public markets. Shares for the publicly traded shell company that Trump intends to turn into TMTG through a SPAC rose 12% on Tuesday. The shares trade near record highs, the enthusiasm for the stock serving as a barometer for continued investor interest in the former president’s plan to launch his new social media company.

Trump, of course, adeptly used existing platforms like Twitter and Facebook during his time in office but has faced a near-total ban on mainstream social media after the January 6 riots. In October, he announced his intention to start a competing service and take it public through a SPAC, a new type of financial engineering that has led to volatile results over the last year. In December, TMTG said then Rep. Devin Nunes (R-Calif.), a longtime Trump supporter, would leave office to become the company’s CEO.

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