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.

  • @[email protected]
    link
    fedilink
    English
    37 months ago

    You’re saying that people who vote for him should create accounts? I mean, I don’t think that that is all that surprising. I might vote for Biden over Trump because I prefer him as a president, but if Biden starts a social media company, I’m probably not gonna go move my social media activity there.

    • @MrVilliam
      link
      English
      97 months ago

      Good point. But Biden voters also rarely if ever worship Biden like some kind of deity. Trump voters on the other hand…

      • @[email protected]
        link
        fedilink
        47 months ago

        What’s sad about images like these are really people broken by politics because they can’t wrap their heads around what’s going on.

        They’re victims of hysteria; casualties of consciousness.