Trump Media shareholders are 'sitting on sizable losses': CNN

Investors who hung onto –– are bought into Trump Media –– after Donald Trump was inaugurated are not reaping any financial rewards for their faith or commitment to the president.

According to a new report from CNN's Matt Egan, the president's venture into social media remains a financial black hole, losing another $32 million in the first quarter with Trump Media shares having lost 48 percent of their value since Trump moved back into the Oval Office.

As Egan wrote, an investment into the company is "badly trailing the S&P 500’s 5% gain over that span. If you look at just the time since Trump took office, Trump Media shares are down even more (56%)."

In the money-losing first quarter, the company generated a minuscule $821,000 in revenue.

According to Steve Sosnick, chief strategist at Interactive Brokers, "By conventional measures, this stock is quite expensive. It’s a money-losing company with negligible revenue. However, this stock has always defied conventional valuation metrics.”

The report goes on to note that, among social media websites, Truth Social is barely a player when it comes to number of users.

While there has been a 106 percent increase in users, the "bad news" is "its daily active users dwarfed by X’s (formerly Twitter) 131.9 million, its tally widely trails Threads (112.9 million) and Reddit (66.2 million), according to Similarweb. Even Bluesky, which launched in 2023 as a rival to Twitter, has 10 times the daily active users as Truth Social."

According to David F. Carr, editor of insights news & research at Similarweb, Truth Social had a record day on Saturday when the president announced he has launched a surprise attack on Iran, but even then it was a drop in the bucket when compared to its rivals.

“But even on that peak day, web traffic and app usage were less than 1% of what X attracted. Bluesky also had millions of more web visitors and app users,” he reported.

You can read more here.