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.
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?
Not since we’ve gone to a debt-backed fiat.
Geoffrey dollars
Why is it valued so high to investors if the company makes almost no revenue? 9 billion ? What the fuck?
Money laundering
I commented on a Reddit post that rddt is worth less than djt currently. I hypothesized that awful moderation was worse than no moderation.
Mod banned me lol.
Didn’t his auditor just get blacklisted for life?
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,
Lordy that number is embarrassing, when comparing to Mastodon’s MAU count over 847k.
And people actually paid money for this shit penny-stock.
lemmy is slowly catching up at 46k monthly active users, according to this: https://fedidb.org/software/lemmy
New Lemmings, we salute you!
How many of those 113,000 are just reporters waiting for Drumph’s next manufactured controversy to report on? Can they please just stop regurgitating every stupid thing he spouts?