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Truth Social keeps shrinking despite the Trump trial and looming election

www.cnn.com Truth Social keeps shrinking despite the Trump trial and looming election | CNN Business

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.

Truth Social keeps shrinking despite the Trump trial and looming election | CNN Business

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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