Truth social is inferior to Twitter/X. This isn't surprising to me that the stock tanked. Most IPOs tank quite frankly because the hype of the IPO rarely matches or exceeds the company's underlying value. I log into Truth social a couple of times per year. I'm on twitter/x daily. With Elon buying Twitter/X, it made competition less necessary as Elon has championed free speech and squelched the stymieing attempts by former ownership. That doesn't mean that competition won't be necessary at some point in the future, but Truth will have to survive long enough to be that competition.

If I'm a typical example of their user base, they're in trouble.

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