In 2023, all of Truth Social’s revenue was derived from advertising. Since the platform launched in 2022, its revenues increased significantly, largely due to the testing of a new advertising initiative. However, the company was not profitable in 2023 and reported anet lossof approximately $58.2...
The parent company of Donald Trump's Truth Social website has revealed losing $327.6 million in the first quarter of 2024 after raking in less than $771,000 in revenue. Theearnings report, filed with the Securities and Exchange Commission on Monday, comes after Trump Media & Tech...
"TikTok is the only one that has really broken through," Sorrel said, estimating that TikTok accounted for around one-fifth of owner Bytedance's around $90 billion 2023 ad revenue. TikTok is now facing apotential banin the U.S. amid national security concerns. Still, Sorrell caveated his c...
Larry Ramer (content developer and editor at InvestorPlace) said that if Truth Social can reach 30 million monthly active users (MUAs) and generate an average revenue per user (ARPU) of $30 a year, Truth Social would make about $90 million in annual revenue. While that’s not huge, it ...
Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $16 million last quarter, along with a decline in revenue.
The company behind Truth Social doesn’t disclose user numbers. As it lays out in a regulatory filing, “since its inception, TMTG has focused on developing Truth Social by enhancing features and user interface rather than relying on traditional performance metrics like average revenue per...
Truth Social, which doesn't release its user numbers, had roughly 5 million visits in February, according to research firm Similarweb estimates. By comparison, Reddit,which went public last week, had about 73.1 million daily active users last year, while revenue jumped 21% to $804 million in...
Trump Mediarelies entirely on ad salesfor its revenue, and discloses in its SEC filings that a decline in user engagement could hurt its business by making Truth Social less attractive to advertisers. The data firms' findings could also harden Wall Street...
Truth Social is a social media app founded in 2022 by former U.S. president Donald Trump, primarily as a response to his being banned from mainstream social media platforms.
Trump Media recently reported losing $58 million in 2023 on very little revenue. The company’s price-to-sales ratio – a common way to value stocks – is off the charts when compared with rival social media companies. Since peaking at $66 in late March, Trump Medi...