The stock value is a HOLLOW shell of what the company does….
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.
The Similarweb data, which captures the first 29 days of April, showed that the average number of users dipped 4% month over month. That drop comes despite the considerable attention received by the ongoing Trump criminal trial and the growing focus on the US presidential election.
This is a problem for Truth Social and for Trump, who is not only the dominant shareholder in Trump Media but also serves as the chairman and is the platform’smost popular user.
“User growth is foundational to any social media startup. It is how these companies make money: Grow users and monetize them, in that order,” said Matthew Kennedy, senior initial public offering strategist at Renaissance Capital, which provides pre-IPO research and IPO-focused exchange traded funds (ETFs).
More users means more money the social media startup can charge on ads sold. And there is a snowball effect in which user growth can build upon itself as friends, neighbors and co-workers encourage each other to sign up….
…
Still, web traffic doesn’t look any better for Trump Media. The average number of daily unique US visitors to Truth Social’s website fell 12% year over year and 21% on a monthly basis, according to Similarweb.
When Truth Social’s web and app audiences in the US are combined, they amount to less than 6% of the audience on Threads. And Truth Social represents less than 1% of X’s total audience…
…
‘Meme stock’ argument
Trump recently received another 36 million shares of Trump Media as part of a bonus known as earnout shares. Including those new shares, Trump owns 114.75 million shares of Trump Media — a stake valued at $5.6 billion.
The former president has agreed not to sell that stake for at least the next several months. And it’s very difficult to know what that stake will be worth once the so-called lockup period ends because Trump Media’s share price has been unusually volatile.
After spiking above $66 a share on its second day as a public company, Trump Media (DJT) crashed to a post-merger low of $22.84 on April 16. It has since more than doubled in value, closing at $48.68 on Thursday….
I find your obsession with the stock price of Trumps Truth Social highly amusing.
Who gives a damn?
I’m reminding myself of what the stock is BEFORE THE bottom falls out…..
Trump cannot touch or sell the stock for 5 months
And one of the original guys just got indicted
I figure by Election Day the stock should be worth a few million