Truth Social recently arrived in the popular Apple App Store. The new social media platform, which former U.S. President Donald Trump backs, had a soft launch on Sunday, Feb. 20.
Traders work on the floor of the New York Stock Exchange at the opening bell on February 22 2022, in New York. - Wall Street stocks retreated early on February 22 as Russian President Vladimir Putin's latest escalation of the Ukraine conflict stoked volatility in markets. (Photo by TIMOTHY A. CLARY / AFP)
After that, the Apple App Store decided to roll out the new online site completely. Since it is quite popular, Truth Social topped Apple App Store's charts.
Aside from beating other applications on iOS, Trump's social media platform's debut somehow helped the shares of Digital World Acquisition Corp, a blank-check company backed by Trump.
Truth Social Leads To Digital World's Share Surge
According to CNBC's latest report, after Truth Social arrived on Apple App Store, Digital World's shares increased by 26% ($106.44).
Republican presidential candidate Donald Trump points to the crowd as he delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination.
Also Read: Apple App Store to Launch Trump Truth Social App; Release Date and Other Details Find Out
The blank-check company is now benefitting from the rising online platform since it decided to list Trump Media and Technology Group (TMTG), the American media firm behind the development of Truth Social.
Aside from Digital World, other companies backed by Trump also experienced a stock surge. These include Phumware, the tech firm the former POTUS' 2020 Presidential re-election campaign hired.
On the other hand, SPAC CF Acquisition Corp VI also experienced a 5.4% share increase after Apple App Store launched the Truth Social app.
Truth Social Still Experiences Issues
Since Truth Social is a new online platform, bugs and other system issues are inevitable. CNET reported that some fans are seeing error messages when they try to create their own accounts.
On the other hand, others are placed on a waitlist.
"Due to massive demand, we have placed you on our waitlist," stated Truth Social's error message.
If you want to see more details about the new platform's current issues, you can visit this link.
In other news, rumors claimed that Trump's Truth Social uses censor bots to make the social media platform more family-friendly.
Meanwhile, Donald Trump's account was recently hacked.
For more news updates about Truth Social and other new social media platforms, always keep your tabs open here at TechTimes.
Related Article: Donald Trump's Truth Social App Disappoints Users on its App Store Debut | Here's Why
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Written by: Griffin Davis
