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Literally every example you give has a stark, stark contrast to DJT. The number of MAUs TruthSocial has is a rounding error compared to Reddit, Facebook, YouTub
by hn_throwaway_99 2y ago
Literally every example you give has a stark, stark contrast to DJT. The number of MAUs TruthSocial has is a rounding error compared to Reddit, Facebook, YouTube, Snapchat, WhatsApp or Twitter when they went public or were acquired. Talking about "losing money" is pretty irrelevant - I wasn't even talking about profit, I was talking about top-line revenue. By literally any metric you can choose - users, growth, revenue, profit, tech maturity, etc. etc. - TruthSocial looks like a joke compared to similar companies at a public stage in their lifecycle at that valuation. The only thing that explains DJT's valuation is:
1. Meme stock
2. The cult believing Jeezus wants them to buy this stock
3. The most logical IMO, folks believing that if Trump wins the presidency that everyone who wants a pardon or some other government favor will start buying a shitload of Truth Social ads.