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

  • LimeZest@discuss.tchncs.de
    9·
    6 months ago

    You are comparing a daily active users figure to a monthly active users figure. Truth Social has closer to 2 million active users overall, but only 100,000 on a given day. It’s still really low for a social media company with such a popular public figure at the forefront, but it isn’t lower than Mastodon. The valuation is absolutely absurd regardless as there are so many red flags in their own SEC filings.