According to a report from Fox Business, a vendor is accusing Donald Trump's conservative social media safe haven, Truth Social, of not paying up to $1 million in hosting fees.
RightForge is an internet infrastructure company and is one of Truth Social's largest vendors. Fox Business suggests that the social media platform's finances are in significant disarray.
RightForge agreed to host Truth Social on its server when the platform was created. An open, free, and honest global conversation without discriminating on the basis of political ideology is the aim of the social media app. The company provides hosting for people who believe in freedom of expression and need big tech independence.
According to anonymous sources at RightForge, Truth Social hasreneged on its contractually obligated monthly payments and owes the web-hosting service over one million dollars. RightForge is planning legal action to recover money that Truth Social stopped making payments in March, according to sources.
According to the holding company that owns the platform Trump Media and Technology Group, the former president's monetary and day to day investment is "negligible toexistent." According to Fox Business, the current CEO of Trump Media is a former Republican congressman. The CEO of RightForge didn't deny the accusations, but declined the request for comment.
The report states that Truth Social is not making money. According to a May regulatory filing, Truth Social isn't bringing in any revenue and may not until 2023.
Those who are familiar with Trump's business operations know that he brags about not paying bills. Business owners and workers had accused Trump of failing to pay their invoices. Employees at his casinos, real estate agents, even the lawyers he had to represent him in those suits were included.
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