Tech journo and CNN contributor Kara Swisher told Mediaite she was “shocked” by how little revenue Truth Social takes in as she mocked former President Donald Trump’s platform and its $9 billion valuation.
AIDAN MCLAUGHLIN: I want to ask you about an innovative tech entrepreneur who has this really promising startup. It’s called Truth Social. It has about $3 million in annual revenue and it’s valued at $9 billion.
KARA SWISHER: [Laughs]. My podcast makes much more than that.
AIDAN MCLAUGHLIN: But is your podcast valued at $9 billion?
KARA SWISHER: No, it is not. But I certainly make more revenue, and I make profits, compared to Truth. Literally, Pivot makes 2 or 3 times as much in revenue.
AIDAN MCLAUGHLIN: Can you explain what’s going on with Truth Social? And is there any chance that Trump actually makes money from this?
KARA SWISHER: There’s nothing. It’s a scam. It’s not a business. There’s no business here. There’s zero …
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