On Wednesday, Donald Trump announced that he was launching a new “media powerhouse.”

Part of that network would be a social media platform.

Within hours of the announcement, however, it appears as though the site was hacked.

Bad Start

The new social media site is called Truth Social.

The fact that it only took hackers hours to break through the website’s security to post a vulgar image on the front page of a test version is a crippling blow to Trump.

It just shows that it will not be quite as easy as he had hoped to get a new outlet launched.

And, when he does, he can expect a steady flow of cyberattacks against the site.

After the hack, the test site was reportedly taken back down.

Test signups were also conducted by reporters, with very few security checks in place to prevent fake accounts.

For instance, accounts were created using both Donald Trump’s and Mike Pence’s names.

According to an MSN report, the coding on the site appears to be open-sourced coding that has been available since 2016.

There is some good news for Trump, however,

After Trump’s announcement, stock for the new outlet surged dramatically on both Thursday and Friday.

So much so, trading on Digital World Acquisition Group (DWAG) was halted on Friday at several points.

Trump’s security may be lax, but investors clearly feel that is something he will get figured out and they are going all in.

Sources: MSN & Just the News