(PresidentialInsider.com)- Former President Donald Trump’s new social media platform Truth Social has seen a 93 percent drop in signups and a steep decline in traffic over the last month.
Since its launch on President’s Day, installs of the Truth Social app declined by over 800,000, with installs from the Apple App store falling to about 60,000 per week in March.
The app is not yet available to Android customers.
The desktop version of Truth Social has also seen a significant decline in traffic. During the week of February 20, truthsocial.com spiked to 6 million visits but has since dropped to around 1.9 million weekly visits in recent weeks. The app store download page visits also declined from 361,000 during its launch week to about 90,000 weekly visits at the end of March.
On Monday, Reuters reported that two of Truth Social’s top tech chiefs have resigned from the company.
Josh Adams and Billy Boozer, the company’s chiefs of technology and product development, were central players in the company’s plan to build an alternative social media platform.
According to sources who spoke with Reuters, the pair, who played a critical role in the app-launch efforts, resigned as the company was reaching a crucial planning stage for its Android app release.
One source who spoke with Reuters said without Josh Adams, “all bets are off” because Adams was the “brains” behind Truth Social’s technology. Meanwhile, as the chief of product development, Boozer played a key role in the platform’s technology infrastructure, design, and development teams.
According to Reuters, two people familiar with Truth Social said the departure of Adams and Boozer could imperil the company’s progress as it positions itself as a competitor to Twitter.
It was reported on Monday that Tesla and SpaceX CEO Elon Musk is now Twitter’s single-largest shareholder after purchasing 9.2 percent of Twitter stock.
News of Musk’s purchase sent shares of Twitter skyrocketing 22 percent in early trading on Monday. While Musk did not reveal what he paid for the stock, by the close of trading on Friday, his share was worth $2.9 billion. During Monday’s early trading, Musk’s Twitter stock increased in value to $3.5 billion.
Elon Musk has been a harsh critic of Twitter’s anti-free speech censorship policies. And some believe his involvement in the company may indicate policy changes are on the horizon.
