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Truth Social Faces Massive Traffic Drop and Financial Losses
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Firstpost•16-10-2026, 15:31
Truth Social Faces Massive Traffic Drop and Financial Losses
- •Data from Similarweb shows that traffic on Truth Social has fallen by over 30 percent in the past year.
- •The social media platform averaged around 260,000 daily users last month, marking a sharp decline from its peak of 420,000 in June 2025.
- •Trump Media & Technology Group reported first-quarter net losses of over $405 million this year against net sales of just over $871,000.
- •San Francisco recently sued the company over its Truth API service, describing it as a corrupt business scheme.
- •Despite the platform's declining user base, Donald Trump continues to maintain a high volume of posting activity.
Key Questions Answered
Trump Media & Technology Group reported massive financial losses driven primarily by unrealized losses on digital assets, digital assets pledged, and equity securities, alongside accreted interest and stock-based compensation.
San Francisco sued Trump Media over the $100,000-a-month Truth API service, describing it as a corrupt business scheme and insider trading because it sold early access to the president's market-moving social media posts.
Similarweb data shows that Truth Social's daily users averaged around 260,000 last month, marking a sharp decline from its peak of 420,000 users in June 2025 and a traffic drop of over thirty percent in the past year.
