Trump’s legal battles and the upcoming major US election.
The latest numbers show a whopping 19% drop in daily usage of iPhone and Android phones compared to last year. Oh! And it’s not getting any better, there’s also a 4% decline from the previous month, indicating a steady decline in the number of people continuing to work.
This decline in users is bad news for Truth Social’s monetization plans. With fewer users, fewer people see ads, which means less cash in the bank. While other big social media companies are also suffering, Truth Social’s demise is the worst. Though Trump Media is valued at more than $9 billion, Truth Social’s future doesn’t look rosy. Some people say it’s just “meme stock” that isn’t reality. But in the end, it remains to be seen whether Social Truth sinks or swims.
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