Dan Alexander, senior editor at Forbes, takes a look at the Malignant Loser's latest financial albatross, his disgraceful social media site "Truth Social," and estimates his net worth has dropped $700 million from last fall, from $3.2 billion to $2.5 billion. An excerpt:
"The fundamental problem is that barely anyone uses Truth Social. Before it launched, an investor presentation suggested the app would attract 81 million users by 2026. Now, over a year after going live, it has only an estimated 5 million. Given that Trump owns roughly 85% of the business and Twitter is worth an estimated $42 per user, the former president’s stake probably adds up to about $180 million today.
Even that might be too much. Truth Social is adding an estimated 100,000 users per month. If people continue to join at the current pace—and assuming no one quits or dies—Truth Social will not hit its projected 81 million users until 2086. By that point, Trump would be 140 years old. A more likely outcome: Truth Social will join Trump Steaks, Trump University and GoTrump.com in the graveyard of failed Trump ventures." (our emphasis)
Well, there's always "I'm being persecuted, send money"-grifting off of his MAGA sheeple. Sad!
(photo illustration: Nurphoto / Getty Images)
