Truth Social Struggles Amid Trump Media

Despite a high valuation, Truth Social's user base continues to shrink, while Trump Media faces scrutiny over alleged short-selling practices.

Truth Social's daily active users in the U.S. have declined by 19% year over year, with the platform now attracting around 113,000 users despite the ongoing Trump trial and election focus.
Trump Media's stock has been highly volatile, with shares initially spiking but recently trading at significantly lower levels after going public.
CEO Devin Nunes has urged House committees to investigate alleged illicit short-selling of Trump Media shares by eight financial firms, raising concerns about market manipulation.
Truth Social's market valuation is questioned by analysts due to its small size and limited user growth compared to larger social media platforms.
Despite claims of expansion from Trump Media, Truth Social's web and app traffic continues to fall, underperforming most of its social media rivals.