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.”
Bank notes?
Geoffrey dollars
Not since we’ve gone to a debt-backed fiat.
Imagine if Facebook or Google tried to sell investors on that sort of nonsense…
Facebook would be worth what disguy_ovahea says below, I’m bad at math
Facebook has 2.9B users. That would be $232T or $232,000,000,000,000.
That’s not divisible by 80,000.
But you have to understand that this is the crème of the crème of society.
Only the best people
And it is just a fork of Mastodon. Wall Street is fucked up.