this post was submitted on 04 May 2024
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News

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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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[–] [email protected] 2 points 4 months ago (1 children)

Almost $80,000 per daily user?

[–] [email protected] 2 points 4 months ago (1 children)

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.”

[–] [email protected] 1 points 4 months ago (2 children)

“Here’s a piece of paper that says you own gold."

Bank notes?

[–] [email protected] 1 points 4 months ago

Geoffrey dollars

[–] [email protected] 1 points 4 months ago

Not since we've gone to a debt-backed fiat.

[–] [email protected] 1 points 4 months ago (1 children)

Why is it valued so high to investors if the company makes almost no revenue? 9 billion ? What the fuck?

[–] [email protected] 1 points 4 months ago

Money laundering

[–] [email protected] 1 points 4 months ago

I commented on a Reddit post that rddt is worth less than djt currently. I hypothesized that awful moderation was worse than no moderation.

Mod banned me lol.

[–] [email protected] 1 points 4 months ago

Didn't his auditor just get blacklisted for life?

[–] [email protected] 1 points 4 months ago

How many of those 113,000 are just reporters waiting for Drumph's next manufactured controversy to report on? Can they please just stop regurgitating every stupid thing he spouts?

[–] [email protected] 1 points 4 months ago (1 children)

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,

Lordy that number is embarrassing, when comparing to Mastodon's MAU count over 847k.

And people actually paid money for this shit penny-stock.

[–] [email protected] 2 points 4 months ago (1 children)

lemmy is slowly catching up at 46k monthly active users, according to this: https://fedidb.org/software/lemmy

[–] [email protected] 2 points 4 months ago

New Lemmings, we salute you!