Truth Social Tanks for 3rd Consecutive Month

Thursday, August 01, 2024

Former President Donald Trump's social media platform, Truth Social, recorded its second-lowest monthly audience since its launch in June, according to new data released this week from TheRighting.

Posted by reinheitsgebot at 02:31 PM | 15 COMMENTS | permalink | Comment on This Entry |

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"If this softness persists, it might portend trouble for Mr. Trump at the ballot box in November."

Posted by reinheitsgebot

"Might"?

#1 | Posted by Zed at 2024-08-01 07:53 AM | Reply

Sad.

Low energy.

#2 | Posted by Nixon at 2024-08-01 10:15 AM | Reply

all that winning

#3 | Posted by RightisTrite at 2024-08-01 02:44 PM | Reply

From Yahoo Finance...
finance.yahoo.com

...
Financial Highlights

Fiscal Year

Fiscal Year Ends 12/31/2023
Most Recent Quarter (mrq) 3/31/2024

Profitability

Profit Margin 0.00%
Operating Margin (ttm) -12,764.78%

Management Effectiveness

Return on Assets (ttm) --
Return on Equity (ttm) -382.33%
...

[emphasis theirs]

#4 | Posted by LampLighter at 2024-08-01 02:45 PM | Reply

Tired of the same old, same old.

#5 | Posted by Twinpac at 2024-08-01 02:45 PM | Reply

It doesn't matter. It was always intended to be a money laundering scheme. It has never acted like a legitimate business.

#6 | Posted by johnny_hotsauce at 2024-08-01 03:59 PM | Reply

Truth Social lost hundreds of millions of dollars last quarter and only had hundreds of thousands in revenue.

#7 | Posted by AMERICANUNITY at 2024-08-01 04:03 PM | Reply

7nbsp

@#7 ... Truth Social lost hundreds of millions of dollars last quarter and only had hundreds of thousands in revenue. ...

Probably the reason for the Operating Margin of -12,764.78%.

#8 | Posted by LampLighter at 2024-08-01 04:06 PM | Reply

As long as the DJT stock keeps falling like it is today, the drop in the stock market isn't all bad. Soon DJT might even be in the teens...or lower.

#9 | Posted by Judity at 2024-08-01 04:30 PM | Reply

When Judge Merchan extended Trump's gag order to include what Trump could or couldn't say on Truth Social, or repost what someone else says, might have something to do with the dropoff.

#10 | Posted by Twinpac at 2024-08-01 04:34 PM | Reply

DJT Closed at $27.20 today, August 1. Down about 45% from the IPO price. Der Dotard lost about $120MM of stock value today. Trump and his minions will sell as soon as their lock-up periods are over, at the end of September. The stock will then crash and the company will wind up business before the end of the year, unless Trump wins, in which case the US Taxpayer will be forced to buy the company as the government's official communications organ...

#11 | Posted by catdog at 2024-08-01 05:09 PM | Reply

Soon DJT might even be in the teens...or lower.

#9 | Posted by Judity

You talking about when he was pals with Jeff Epstein?

#12 | Posted by johnny_hotsauce at 2024-08-01 06:57 PM | Reply

All the folks who bought into the company as a backdoor bribe for access will be sorely disappointed when A), trump loses. or B) he wins and they realize that trump grifts shamelessly and has no loyalty to anyone regardless of what they have given him.

#13 | Posted by bus_driver at 2024-08-01 07:02 PM | Reply

"Stable genius"

Bwahaha.

Time to sweep out the stable.

#14 | Posted by LegallyYourDead at 2024-08-02 11:11 AM | Reply

Re 13

As i understand it Trumpy can cash out in September. Before the election.

It will be very telling what he decides to do then.

#15 | Posted by donnerboy at 2024-08-02 11:17 AM | Reply