Imagine being stupid enough to invest in Truth Social.
It's just MAGA people. We already know they are the dumbest people on the planet right now.
Especially when the CEO is Devin Nunes lol
This was only ever a vanity project for Trump. Or more sinister a way to control a portion of online discourse and perception. It was never meant to make money and it never will.
At the same time it wouldn’t surprise me to find out they really did think they could make money from this. With all of their “silent majority” bullshit it can’t have been that hard to delude themselves into thinking that a “safe space” for this “silent majority” would be profitable.
Literally every Conservative social network has been a colossal failure and money black hole.
Even Twitter got worse once Shitfuck Musk took over. He had to roll it into his government proped up AI/Space company to hide how bad Twitter has been losing money.
Ah, I forgot the new rule is never attribute to malice that which can be explained by stupidity. I yearn for the sweet flavor of gun metal.
My favorite part is seeing how badly they predicted their level of “success.” The delusion is strong:
At its launch, a slide presentation distributed to investors and filed with the SEC suggested that by 2026, the company expected to have about $3.3 billion in revenue, 40 million users on Truth Social and another 81 million spread across the company’s other services.
Hahaha!! 81 million people! $3 billion in revenue.
Truth Social may have as few as several hundred thousand daily active users, while Elon Musk’s X is estimated to have around 224 million. Those kind of numbers place it firmly in 24th place among social media companies, a few spots behind YouTube Kids.
in 24th place among social media companies, a few spots behind YouTube Kids.
I like how they salted the wound there.
Wonder how many of those active users are bots and troll farmers.
do bots would even make sense there? if there is no users why bother botting it? what do they gain from that?
Gotta keep the echo chamber consistent and alive.
fair point
A few hundred thousand? I think a YouTube channel I started 20 years ago and only uploaded one video to probably has more subscribers than that.
Yikes
Moooooo.
Is that a reference to a particular cow that got more followers on a social networking platform than his owner?
This is still hilarious even after seven years.
Why yes, yes it is
Devin Nunes was only half cash cow.
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