Stories recently circulating about Truth Social's financial standing celebrated by anti-Trump influencers is fake news.
"Truth Social is on strong financial footing, as evidenced by TMTG's ability to recently raise $15 million in bridge funding," the company said in its statement. "Any assertion to the contrary is knowingly false bar talk maliciously designed to harm Truth Social investors.
"Moreover, these falsehoods are easily contradicted by both publicly available filings and Truth Social's latest accomplishments, which include propelling country music star John Rich's new single to #1 on iTunes for nearly two weeks. As part of TMTG's revenue plan, Truth Social will soon begin running advertisements on the platform, allowing businesses to interact with Truth's extraordinarily engaged audience."