Trump Thinks Facebook’s Wipeout Might Have Something to Do With a Little Thing Called TRUTH

Why is Facebook struggling? Clearly, it’s not that the positioning itself is rubbish, or that its guardian firm Meta’s pivot to the “metaverse” positions its future on a buzzword, and even that it’s racked up sufficient scandals that it spends extra money on lobbyists than Exxon or Phillip Morris.

No, simply ask the nation’s foremost wannabe tech CEO Donald Trump, Donny T, the large man himself: It’s as a result of Trump Media & Technology Group’s yet-to-be-launched hellhole of a social media community, Truth Social, is already kicking its ass. We already remorse forwarding you this sometimes incoherent assertion issued by his spokesperson on Twitter at present:

Facebook’s variety of every day customers has plunged for the primary time in Facebook historical past. This means persons are uninterested in Fake News and abuse and particularly uninterested in their political shenanigans. It may be that persons are ready for TRUTH—the extremely subtle platform that we look ahead to opening within the not too distant future. Time to straighten out what is occurring in our Country!

Facebook did report fewer daily active users for the primary time in its historical past on Wednesday. This isn’t an awesome signal for the corporate, as a result of not solely is it a powerful indication that Facebook has lastly reached some extent of complete market saturation with diminishing alternatives for future development, it’s reporting much less income because it focuses on the metaverse stuff. The outcome was a 26% inventory plunge that wiped $232 billion off Meta’s worth on Wednesday—the worst single-day efficiency in stock market history on an absolute foundation.

Unfortunately for the Trump Technology and Media Group, Truth Social’s builders, these person losses had been the most important in Africa, Latin America, and Asia. There’s additionally each purpose to suspect that Facebook’s diminishing returns within the U.S. and Europe need to do with the pattern of youthful customers treating it like a quarantine zone for his or her dad and mom.

We will go away it to you to resolve whether or not teenagers and folks from different continents are actually preemptively deleting their accounts in eager anticipation of Truth Social, a website that doesn’t exist but, and whose hottest demographic will probably be growing older white conservatives who shoot steam out their ears each time Fox News brings up Bette Midler.

This is a man who thinks that AT&T dropped far-right information community OAN as a result of it was just too popular, so no matter. That Trump is now referring to the launch date of Truth Social in more and more obscure phrases (“not-too-distant future”) slightly than specifics (previously it was February 21) mustn’t shock anybody who has been alive at any level in, say, the previous 4 many years.

In a follow-up statement on Friday, Trump rambled about Facebook’s choice to ban the anti-vax “Freedom Convoy” truckers jamming streets in Ottawa and invited them to Truth Social. So that’s excellent news for the virus, we guess.