this post was submitted on 04 May 2024
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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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[–] snownyte@kbin.social 4 points 7 months ago (1 children)

Where were all of those 71 million voters? Was 113k all that they could get of them?

[–] tal@lemmy.today 3 points 7 months ago (1 children)

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@lemmy.world 9 points 7 months ago (2 children)

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

[–] john89@lemmy.ca 4 points 7 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.

[–] bradorsomething@ttrpg.network 2 points 7 months ago (1 children)

Reverse vulcan on the hand, good choice.

[–] Railing5132@lemmy.world 3 points 7 months ago

"die young and poor"