Is Trump panicking and throwing social truth under the bus since he agreed to an interview on X with Elon Musk?

After launching his social media platform, Truth Social, in 2022 in response to his ban from Twitter (now X), Trump seemed intent on building his digital empire. However, his recent return to X for a Interview with Elon Musk raises serious questions about the future of Truth Social and whether Trump is abandoning his platform for a bigger megaphone.

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After nearly a year of inactivity on the platform, Trump returned with a vengeance on Monday, flooding the site with a wave of new messages. He then had a two-hour conversation with Elon Musk that was marred by technical glitches. The conversation became blurry and repetitive, leaving the audience wondering, “What did we just listen to?”

This decision should not come as a surprise to those who have invested in Trump Media and Technology Groupthe company behind Truth Social. The company’s financial reports have been warning of potential risks for some time, particularly because a rule allows Trump to share his political messages on any social media platform he chooses. That means Trump can freely use a larger platform like X without worrying about how it will impact his own company or investors.

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The consequences were harsh. After Trump returned to X and had a Disappointing interview with MuskTruth Social, Trump Media & Technology (NASDAQ:DJT) stock has been hit hard, falling to a near four-month low. Trump Media has lost billions of dollars in value since its launch. Its stock price has fallen from an all-time high of $97.54 to just $23.97 at the time of writing. The company’s financial situation looks grim, with nearly $16 million in losses reported for 2023 and high interest expenses.

Despite the bleak numbers, Trump Media CEO and former House member Devin Nunes insists the company is still “well positioned” because it has no debt and a platform that millions of people use. “Why are we well positioned? Because we have no debt,” Nunes told Fox News. “We come out of this with no debt, a platform that works really, really well, that communicates with millions of people, and we have $200 million in the bank.”

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However, Nunes did not provide a timeline for when the company might become profitable, leaving investors uncertain and uneasy.

Trump’s recent moves show he is under pressure and may be willing to abandon Truth Social to stay in the spotlight for the 2024 presidential race against Kamala Harris.

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