• tal@lemmy.today
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    5 months ago

    worth 1/5 that

    I don’t claim expertise here, nor have I been trying to read up on it, but I would be far less generous to Truth Social.

    Part of the value is the userbase. That probably grows more-than-linearly, given network effect; that’d favor larger networks.

    https://www.searchlogistics.com/learn/statistics/truth-social-statistics/

    Truth Social has about 2 million monthly active users.

    https://backlinko.com/reddit-users

    As of February 2024, Reddit has an estimated 1.2 billion monthly unique visitors.

    Part of the value is the software. Reddit’s codebase was written by and is owned by them. Truth Social is modified Mastodon, developed in a much shorter period of time.

    You could maybe say that there’s some value to lasting appeal. Reddit – whatever current issues with monetization – has proven itself over quite a period of time. Truth Social is very new. It’s not at all clear how much of the appeal is Trump being on there.