Trump created Truth Social after being banned from Twitter and Facebook following the 6 January 2021 Capitol riot. After winning the US presidential election last November, Trump transferred all his shares as a “bona fide gift” to the Donald J. Trump Revocable Trust.

Source: https://www.euronews.com/business/2025/02/17/trump-media-reports-a-loss-of-hundreds-of-millions-for-last-year