...you were expecting a different outcome?...
Link: https://fortune.com/2024/05/21/trump-truth-social-trump-media-and-technology-group-q1-earnings/
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...from the attached article...
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Unlike other social media companies, the Truth Social doesn’t disclose how many users it has, but has said previously that just 9 million people have signed up for the site, compared with over 3 billion monthly active users on Facebook. TruthSocial visitors have declined from 5.4 million in January to around 5 million in February, according to web analytics firm SimilarWeb. The site’s lack of users has contributed to poor financial performance.
On the r/wallstreetbets subreddit, home of meme-stock boosterism, most users aren’t buying what Truth Social is selling.
“If you invest in this on a long enough timeline you will lose everything. Thus is strictly a movement play,” wrote Reddit user Rich4718. “If you think Donald Trump is going to create an income positive social media platform you are an absolute _______ moron.”
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To top it all off, the man in charge of this financial fiasco is none other than Devin Nunes.
Link: https://www.wired.com/story/truth-social-meme-gamestop/
Set politics aside. Does this look like a good investment to you?
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Link: Figures lie and liars figure