Point of comparison: Christian Ronaldo has ~630M Followers
There are less than 7M Followers on Trump's #Truth Social account.
That should provide some SCOPE, REALITY & CONTEXT to the size of EACH platform & market
Who they are catering to. What the people WANT!
Moreover, the space with Tik Tok, FB, X, Insta, etc., is CROWDED, MATURE, & historically experienced MONETIZATION issues.
Just like the "newspapers" (of old) have found digital monetization difficult -- especially in these times, with these competing platforms, etc..
Christian Ronaldo = ~630M Followers
Majority shareholder of #TS = 7M Follower
And LOSING MONEY!!
#TS trying to carve a niche out of a mature, highly competitive & developed market - that has historically found it difficult to make money! Suggests this is an EASY SHORT & real cash grab! They are NOT going to turnaround the business. The #TS platform is EXTREMELY OVERVALUED & there is NOTHING they're going to do (over the next year or so) that is going to GET THEM EARNING their CURRENT VALUATION. The ONLY thing to do when THAT HAPPENS is Thank your lucky stars -- you didn't have to do ANY REAL WORK to get a MONSTROUSLY HIGH valuation & TAKE THE MONEY!!
Run along to the NEXT SCAM!!
They could SLAVE AWAY for 5-10yrs & STILL NOT earn a higher ~$9B valuation!!
For a company that has ~$50M in LOSSES!!?
And a 60% Majority stakeholder that NEEDS MONEY QUICKLY & has NEVER run a successful public entity?
(he's NEVER made long-term shareholders a SINGLE PENNY in profit, what's going to change now?)
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