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Truth Social’s debut on the Apple App Store leads to a 26% increase in market share in the digital world!

Truth Social recently arrived in Apple’s popular App Store. The new social media platform, backed by former US President Donald Trump, was soft launched on Sunday, February 20.

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Traders work on the floor of the New York Stock Exchange at the opening bell on February 22, 2022, in New York City. – Wall Street stocks fell early on Feb. 22 as the latest escalation of the conflict in Ukraine by Russian President Vladimir Putin fueled market volatility. (Photo by TIMOTHY A. CLARY / AFP)

After that, Apple’s App Store decided to fully roll out the new site online. Since it is so popular, Truth Social tops the charts in Apple’s App Store.

In addition to beating other apps on iOS, the debut of Trump’s social media platform has somewhat helped shares of Digital World Acquisition Corp, a Trump-backed blank check company.

Truth Social leads to skyrocketing share of the digital world

According to CNBC’s latest report, after Truth Social landed on Apple’s App Store, shares of Digital World rose 26% ($106.44).

Truth Social's debut on the Apple App Store leads to a 26% increase in market share in the digital world!

(Photo: Photo by Joe Raedle/Getty Images)
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 July 21, 2016 at Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump secured 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 company with blank checks is now benefiting from the rise of the online platform since it decided to list Trump Media and Technology Group (TMTG), the American media behind the development of Truth Social.

Besides Digital World, other Trump-backed companies also saw a surge in stocks. These include Phumware, the technology company hired by POTUS’ former presidential re-election campaign in 2020.

On the other hand, SPAC CF Acquisition Corp VI also saw a 5.4% increase in its share after the launch of the Truth Social application by the Apple App Store.

Truth Social Still Experiences Problems

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 trying to create their own accounts.

However, others are placed on a waiting list.

“Due to overwhelming demand, we’ve placed you on our waitlist,” Truth Social’s error message said.

If you want to see more details about the current issues of the new platform, you can visit this link.

In other news, rumors claimed Trump’s Truth Social was using censorship bots to make the social media platform more family-friendly.

Meanwhile, Donald Trump’s account was recently hacked.

For more news on Truth Social and other new social media platforms, always keep your tabs open here on TechTimes.

Related article: Donald Trump’s social app Truth disappoints users on App Store debut | here’s why

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Written by: Griffin Davis

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