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Stock impact report

Bluesky's active users plummeted following Trump's election win while Truth Social made modest gains: Report [FOX Business Network]

Similarweb Ltd. Ordinary Shares (SMWB) 
According to a Forbes report published Nov. 7, Bluesky's daily active user count dropped sharply following President Donald Trump 's 2024 election victory, while his platform, Truth Social, saw modest gains during the same period. While Bluesky's main competitor, Elon Musk 's X, also saw a decline in daily active users, Forbes noted that Bluesky experienced "a much steeper decline than other major social networks over the same period." "Bluesky's number of average daily active users on mobile devices worldwide is down 39.8% year-over-year as of the end of October, according to data from Similarweb, a digital market intelligence company, a much steeper decline than other major social networks over the same period," the outlet reported Over the same period, Similarweb's data showed that Truth Social had grown its daily average users on mobile devices by 32%, although Forbes noted that activity varies widely month-to-month and tends to spike when Trump posts a major announcement t Show less Read more
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