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

  • kent_eh@lemmy.caEnglish
    4·
    6 months ago

    At least some of it is retail investors who politically believe in Trump, don’t have any idea what they’re doing, and are getting sold a pretty terrible deal.

    Those would be the same as the normal audience for “truth” social.

    • tal@lemmy.todayEnglish
      3·
      6 months ago

      I’m sure that there’s substantial overlap between the “user” and “investor” groups.