It doesn't make sense. Truth social has the users it has because its
user base is a fucking cult that will buy gaudy shoes, trading cards, and 'god bless America' bibles if the Trump name is attached to it. But no one outside of the cult (or perhaps people with a morbid curiosity to see what the cult is about) is signing up for Truth Social. Google spent $600 million over 6 years trying to get google + ramped up as an alternative to Facebook and it failed miserably. The network effect of an entrenched incumbent (like Facebook) is powerful and hard to overcome. There is exactly a zero percent chance that Truth social ever supports a $7 billion valuation with fundamentals.
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In response to this post by DanTheFan)
Posted: 04/01/2024 at 1:31PM