Trump’s Social Media App Downloads Have Slumped by 95% Since Launch

    The blank check firms that ensured Donald Trump’s media venture went public found their shares sinking. The daily downloads of the social media app owned by the former President declined by about 95% after it was launched a month ago.

    Downloads sink to 8000 per day

    Digital World Acquisition Corp., a Special Purpose Acquisition Company (SPAC) that merged with Trump Media & Technology Group, has its market value declined by 31 % after it peaked in February when the Truth Social app was launched on Apple’s app store

    After the initial boom of 170,000 downloads daily, it has now tricked down to 8000 per day, according to data from Apptopia, a research firm. Apple devices averaged approximately 513000 active users per day last week, according to the data estimates shared with Bloomberg News by Apptopia. 

    The figure given by Appotopia may not be accurate as thousands of users have downloaded the Truth Social App on their devices and can easily open the app. However, they cannot use it as they are on the waiting list without access to all its functions. The Truth Social app is not available to android users as yet. This group can bring in millions of additional downloads due to its sheer user volume. 

    Other sites connected to people like Wizz and Yubo have daily iOS U.S. user metrics similar to Social Truth app. In contrast, another app Parler has 20,000-25000 daily iOS users as per data from Apptopia. Trump’s plans for a tech and media empire include the Truth Social app and sees itself as an alternative to social media platform Twitter

    Representatives for Digital World and Trump Media Group did not respond to emails sent by Bloomberg News asking for comments. 

    Despite users’ problems when the app was launched, the SPAC rallied 10% upside to touch a four-month high. Users were told not to sign up as others were receiving error messages at debut. 

    After the debut, the shares rose by nearly 550% amid heavy buying by retail investors, though there were few details available to them about the operation plans of Donald Trump. The latest project for the company is that it will be a social network, streaming services, news channels, and finally, a cloud computing platform. 


    RELATED ARTICLES

    US-Ukraine talks

    US-Ukraine Talks: Zelensky Seeks Meaningful Outcomes Amid War

    Ukrainian President Volodymyr Zelensky hopes the subsequent talks between Ukraine and the United States will...
    OTT platforms

    OTT Platforms: Reviving Local Languages, Culture, and Heritage in India

    OTT systems have revolutionized content material intake in India, presenting audiences with admission to numerous...
    mental health

    Mental Health Awareness In India: Breaking The Stigma In 2025

    One of the aspects of our overall well-being is mental health, and it should not...
    women safety in India

    Women Safety in India: Key policy changes and ongoing challenges

    For an extended period, Indian society has maintained women's safety as both domestic and international...
    New Education Policy 2024

    New Education Policy 2024: Learning is Being Transformed

    Education in India has long been dependent on traditional methodologies that emphasize rote learning and...
    what is one way that technology can improve the distribution of goods?

    What is one way that technology can improve the distribution of goods?

    Technology has transformed almost all sectors, and logistics is no exception. To answer the question,...
    Wheon com

    Wheon com: Your Gateway to Elevated Online Presence with an Effective Guest Post

    Ever feel like your website's voice is lost in the digital crowd? Are you struggling...
    wellhealthorganic.com : remove dark spots on face tang

    WellHealthOrganic.com : remove dark spots on face tang – Natural Remedies for Brighter Skin

    Wellhealthorganic.com : remove dark spots on face tang – Let's talk about those stubborn dark...
    kutty movies.com

    Kutty Movies.com: Your Gateway to Heartfelt Cinema

    Kutty movies.com feels like finding a secret map to a whole world of films, but...
    brand strategy

    Brand Strategy: Your Ultimate Guide To Success

    Brand strategy is the heart of your business, but too many miss the mark, wandering...
    Astronaut Sunita Williams

    Astronaut Sunita Williams: Challenges, Triumphs, and Lessons 

    Space exploration has usually involved humanity, pushing the limits of what's viable. The experiences of...