Truth Social keeps shrinking despite the Trump trial and looming election

www.cnn.com

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Truth Social keeps shrinking despite the Trump trial and looming election

www.cnn.com

@MicroWave to

NewsEnglish • 8 months ago

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.

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6•8 months ago
And it is just a fork of Mastodon. Wall Street is fucked up.

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