We have an alert regarding DJT stock and its social media platform, Truth Social. Unfortunately, the platform is losing users, which is impacting the stock’s performance.
According to a report from Similarweb, Truth Social’s monthly active users were down 23% in April compared to the previous month. Additionally, mobile users on the website dropped by 13%. These declining user numbers are concerning for DJT stock, which has already faced challenges since going public earlier this year.
Some of these challenges include the loss of the company’s auditor, who was found to have submitted fraudulent filings to the U.S. Securities and Exchange Commission. On top of that, former President Donald Trump, who is associated with DJT stock, is currently involved in a lawsuit, including allegations of paying hush money to an adult-film actress.
Despite these difficulties, DJT stock has shown some resilience in the market. Although it is down 3.8% as of noon Friday, it is still up nearly 200% since going public. This movement indicates that investors are closely watching the stock and its performance.
Truth Social’s declining user numbers are impacting DJT stock. However, the stock has shown some resilience despite the challenges it has faced. As always, it’s important to do thorough research and keep up with the latest developments in the market before making any investment decisions.
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