Based upon its number of daily active users (113K and shrinking), Truth Social's crazy $9.6bn valuation comes to a whopping $85K per user, or 155 times that of Facebook.

It would be worth only $62m (still inflated!) if it were valued at the same $550 per daily active user as Facebook ($1.16 trillion capitalization with 2.09 billion users).

Truth Social isn't a meme stock or Dutch tulips - it's money laundering in plain view.

https://amp.cnn.com/cnn/2024/05/03/media/truth-social-stock-trump-djt