Truth Social keeps shrinking despite the Trump trial and looming election
Truth Social keeps shrinking despite the Trump trial and looming election
Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year-over-year in April to about 113,000, according to Similarweb data shared exclusively with CNN.
Former President Donald Trump hit the jackpot this spring when his social media company finally went public.
Even though Trump Media & Technology Group DJT generates very little revenue, investors are assigning an eye-popping valuation north of $9 billion to the company. Trump’s dominant stake in Trump Media is now valued at nearly $6 billion.
Yet new data shows its main product — the conservative-friendly social network Truth Social — remains a very tiny player in its industry, and it’s getting even smaller.
Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year over year in April to about 113,000, according to data shared exclusively with CNN from Similarweb, a data intelligence company.
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Almost $80,000 per daily user?
They do have a unique level of access to a userbase that will believe absolutely anything you tell them.
“Here’s a piece of paper that says you own gold. That will be $2,000.”
“Here’s a piece of paper that says you own gold."
Bank notes?
Geoffrey dollars
Not since we've gone to a debt-backed fiat.
Imagine if Facebook or Google tried to sell investors on that sort of nonsense...
Facebook would be worth what disguy_ovahea says below, I'm bad at math
Facebook has 2.9B users. That would be $232T or $232,000,000,000,000.
That’s not divisible by 80,000.
But you have to understand that this is the crème of the crème of society.
Only the best people
And it is just a fork of Mastodon. Wall Street is fucked up.