Truth Social Faces Major Decline in User Engagement
Trump's social media platform struggles with a significant drop in traffic and financial losses despite high-profile media campaigns.
- Truth Social's U.S. daily visits have dropped over 21% in May compared to April, and over 35% compared to March.
- The platform's average monthly visits over the past year have decreased by more than 39% from the previous year.
- Trump Media reported a first-quarter net loss of nearly $328 million on revenues of about $771,000.
- Analysts question the sustainability of an ad-supported model without a growing, engaged user base.
- Despite financial difficulties, Trump Media's market capitalization remains over $8 billion.