The TRUTH about Truth Social
Financial report just released SEC filing: Truth Social lost over $58 million in 2023 while generating only $4.1 million in revenue.
The stock is TANKING!
The stock is TANKING!
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ElwoodBlues · M
Not only YUGE financial losses; users departing in droves as well!!
The problem for Trump Media is its main product — Truth Social — is shrinking.
Monthly active US users on iOS and Android plunged in February to 494,000, down 51% year-over-year, according to Similarweb. By comparison, X has 75 million monthly active US users. Even Threads has more than 10 times as many users as Truth Social, according to Similarweb.
Monthly active US users on iOS and Android plunged in February to 494,000, down 51% year-over-year, according to Similarweb. By comparison, X has 75 million monthly active US users. Even Threads has more than 10 times as many users as Truth Social, according to Similarweb.
JimboSaturn · 56-60, M
@ElwoodBlues whoa 51% What's the reason I wonder? I didn't think his base will ever shrink. I guess there were some users who weren't hard core cult.
ElwoodBlues · M
@JimboSaturn My guess is Twitter under Musk offers lots more of the kind of reich-wing pablum they want to consume.
KunsanVeteran · M
@ElwoodBlues That’s fine—tons of folks are shorting it. For a company with annual revenue of $4.1 million an honest valuation would be $12 million, a generous valuation would be $15 million.
Certainly not billions!
Quad Indicted ruining everything he touches!
Certainly not billions!
Quad Indicted ruining everything he touches!