Donald Trump stands to reap a windfall of $3 billion or more after Digital World Acquisition Corp. shareholders voted to merger with his social media company.
Social media platforms may not make money in the traditional sense of sales or monthly purchases, but they harvest users data and that on itself is worth a bunch of money, not to mention having the ability to continually harvest more data.
Selling that data is part of the not making profit. Aka they would need to get much more money for the data or sell a lot more. Advertisements are where most of it come from for most companies
Social media platforms may not make money in the traditional sense of sales or monthly purchases, but they harvest users data and that on itself is worth a bunch of money, not to mention having the ability to continually harvest more data.
Selling that data is part of the not making profit. Aka they would need to get much more money for the data or sell a lot more. Advertisements are where most of it come from for most companies