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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[–] [email protected] 10 points 6 months ago

Didn't his auditor just get blacklisted for life?

[–] [email protected] 15 points 6 months ago
[–] [email protected] 4 points 6 months ago (2 children)

Is truth social bigger than lemmy?

[–] [email protected] 3 points 6 months ago

Wouldn't comparing it to Mastodon make more sense? And yes Mastodon is bigger and TS is even based on their server.

[–] [email protected] 4 points 6 months ago

Probably, to be honest. Though of course that doesn't speak to the quality of its content.

[–] [email protected] 36 points 6 months ago (1 children)

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] 13 points 6 months ago

Yeah also why the hell do they show up at the courthouse every single day after the trial and let him spew his lies? They don't do that for other people on trial they just report what happened. Why does he get to make it a campaign speech?

[–] [email protected] 4 points 6 months ago (1 children)

Why would they stay on it when they can go back to Twitter now?

[–] [email protected] 2 points 6 months ago (1 children)

Can they, really?

Are you allowed to say the N-word on twitter?

[–] [email protected] 4 points 6 months ago

I thought mr free speech allows that

[–] [email protected] 7 points 6 months ago (1 children)

Got to hand it to this guy. He pulled billions of dollars out of a hat. And just when things were starting to look pretty bad.

Now he can basically afford to pay his way out of any penalty. Must be nice to be able to do that.

[–] [email protected] 6 points 6 months ago

He was bailed out, again.

He was already bankrupt before running for presidency and Russia bailed him out.

Now he is being bailed out by China.

[–] [email protected] 27 points 6 months ago (1 children)

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] 16 points 6 months ago* (last edited 6 months ago)

Well, you were technically wrong, there are more shares of RDDT than DJT, so even though RDDT is cheaper per-share than DJT after yesterday's close,, RDDT's total market cap is about $1B higher.

Still no reason for a ban. Now that RDDT is publically traded and has a much higher profile, I wonder if some enterprising lawyer can figure out a class action lawsuit against Reddit for all the people who were banned from the site for bullshit reasons. You'd probably have to prove some actual harm, though. Most Reddit bans only hurt your pride.

[–] [email protected] 4 points 6 months ago (1 children)

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

[–] [email protected] 3 points 6 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.

[–] [email protected] 9 points 6 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...

[–] [email protected] 2 points 6 months ago (1 children)

Reverse vulcan on the hand, good choice.

[–] [email protected] 3 points 6 months ago

"die young and poor"

[–] [email protected] 4 points 6 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.

[–] [email protected] 6 points 6 months ago

Running out of money to pay for bots

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