Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Trump set up Truth Social after he was largely banned from mainstream social media after the Jan 6 Capitol riot ( AFP via Getty Images )McGurn dismissed concerns from good-government groups, arguing that comparable high-speed data feeds are standard across the social media industry. The cash injection comes as Trump Media seeks to stabilize its balance sheet following cumulative losses exceeding $1 billion since early last year. Alongside its primary social media platform, McGurn confirmed the enterprise will retain its stake in nuclear fusion. Shares of Trump Media fell an additional 8% on Monday to close at $9.39—down sharply from its 2024 debut near $62.