Truth Social Is Heading Down a Dangerous Path

InvestorPlace2022-04-04

Digital World Acquisition (DWAC)stock has slumped in recent weeks.This is likely tied to the company’s disappointing launch of its Truth Social app.Until these problems are resolved, it’s hard to have...

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Comments

Pluto891
2022-04-05
Pluto891
Truth app is for what purpose?
pheywei
2022-04-04
pheywei
😊
KLF
2022-04-04
KLF
Hmm
kevinlaisq
2022-04-04
kevinlaisq
Pls like
Kwgan
2022-04-04
Kwgan
K
willwees
2022-04-04
willwees
Like pls

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Say what you will about Twitter’s features or site moderation, but the site usually works from a technical perspective. Truth Social, by contrast, has not.The app officially launched on February 21. A few days of bugs and glitches would have been no surprise. However, it launched with a waitlist of hundreds of thousands of users as many curious people were never able to get onto Truth Social in the first place. It’s hard to build much sustainable buzz when many prospective users can’t even visit to begin with.Few Signs of ImprovementIt’s now more than a month since Truth Social’s official launch. And its inability to deliver on the basic user experience has led to a sharp decline in interest.According to data from Sensor Tower, weekly app installs for Truth Social have slid from 800,000 at launch to just 60,000 weekly now, amounting to a more than 90% drop-off. Overall, Sensor Tower estimates that only 1.2 million people have signed up for Truth Social so far in total. And the number of active users on the website is likely far lower, given the issues people had with signing up, and the sparsity of actual content on the site.To that last point, it’s rather surprising that Mr. Trump himself has not posted anything on the site in more than a month of operation. A big appeal to the site was supposed to be having people like Trump speak their minds without having to worry about censorship on sites such as Twitter. But if popular leaders don’t user Truth Social much, it’s hard to see why other people would either.DWAC Stock Is Too Risky to Buy NowWhile it’s complicated to figure out Digital World Acquisition’s total share count given the variety of dilutive pieces of a SPAC deal, it appears the post-deal company will have a share count north of 200 million shares. 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Until there are signs of a turnaround, however, the stock should be avoided.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9018776625,"gmtCreate":1649110257652,"gmtModify":1676534450298,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3581937910767045","idStr":"3581937910767045"},"htmlText":"Truth app is for what purpose?","listText":"Truth app is for what purpose?","text":"Truth app is for what purpose?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018776625","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9018563030,"gmtCreate":1649064285043,"gmtModify":1676534443775,"author":{"id":"3585131730687260","authorId":"3585131730687260","name":"pheywei","avatar":"https://static.tigerbbs.com/c35cc1d7a7cdc7fbe2c97c43085c8b8d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585131730687260","idStr":"3585131730687260"},"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018563030","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9018252792,"gmtCreate":1649047532434,"gmtModify":1676534441852,"author":{"id":"3586729579943152","authorId":"3586729579943152","name":"KLF","avatar":"https://static.tigerbbs.com/2fae2086471df858a825be369f606ecc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586729579943152","idStr":"3586729579943152"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018252792","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9018287494,"gmtCreate":1649042476639,"gmtModify":1676534441201,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3572874548548490","idStr":"3572874548548490"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018287494","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9018282649,"gmtCreate":1649042087171,"gmtModify":1676534441130,"author":{"id":"3555113831623017","authorId":"3555113831623017","name":"Kwgan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3555113831623017","idStr":"3555113831623017"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018282649","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9018282169,"gmtCreate":1649042037287,"gmtModify":1676534441115,"author":{"id":"4087526584403100","authorId":"4087526584403100","name":"willwees","avatar":"https://community-static.tradeup.com/news/bc2de1dfc9923a23848d1c226adff6c7","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4087526584403100","idStr":"4087526584403100"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018282169","repostId":1168429697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":161,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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