CEO of social media site Gettr, Jason Miller, said the launch of former President Donald Trump’s Truth Social actually increased Gettr’s user amount significantly, and is both a competitor and a platform to cooperate with.
Miller was the chief spokesman for Trump’s 2016 presidential campaign and a senior adviser to his 2020 reelection campaign. On July 4, 2021, he officially launched Gettr, a social network focused on free speech.
“Facebook has been in decline for a while now,” Miller added. “This last quarter was the first time they actually lost followers. Twitter stock prices [are] down some 50 or 60 percent over the last six months, ever since we launched. So I think that as new platforms come on, or as we grow, we’re going to take more away from them.”
Early February, Facebook’s parent company Meta reported that for the last quarter of 2021, its daily active user number was 1.929 billion, a drop of about a million users from the third quarter.
In early September, Twitter’s stock price was nearly $65. As of March 4, it was just $34.
Meta’s stock price has dropped about 47 percent over the last six months, of which the biggest plunge came after its February earnings report.
Miller said about 20 to 25 percent of Trump voters quit using social media when Trump was deplatformed after the events of Jan. 6, 2021.
“So as he continues to make noise, more people come off the sidelines and get active,” Miller said.
“I'll give you two data points: When he announced in October he was going to launch Truth Social, our daily active growth was 135 percent bigger for the next 10 days as opposed to the previous 10 days. And then last week when President Trump actually launched Truth Social, our domestic U.S. signups increased by 50 percent.”
“So the rising tide does lift all ships,” Miller said. “People are used to having two, three, four, five social media apps on their phone. The issue about who they’re going to delete could very well be the Facebooks and the Twitters.”
