Trump's Truth Social Reportedly Sees Sharp Drop In US User Base Despite Aggressive Media Push: 'Can't Demonstrate That You Have A Sizeable, Active, Engaged, Growing Audience...'
Portfolio Pulse from Ananya Gairola
Trump's Truth Social, owned by Trump Media and Technology Group (NASDAQ:DJT), is experiencing a significant decline in its U.S. user base despite aggressive media efforts. The platform's daily visits have dropped by over 21% in May compared to April and by more than 35% compared to March. This decline raises concerns about the company's ad-supported revenue model and its market valuation.
May 25, 2024 | 4:41 am
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Trump Media and Technology Group (NASDAQ:DJT) is facing a significant decline in user engagement on its platform Truth Social, with daily visits dropping over 21% in May compared to April. This decline could negatively impact its ad-supported revenue model and raises concerns about its market valuation.
The significant decline in user engagement on Truth Social directly impacts Trump Media's ad-supported revenue model, making the platform less appealing to advertisers. This, coupled with the company's high market valuation, raises concerns about its financial stability and future performance.
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IMPORTANCE 90
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