"Trump's Truth Social Goes Public, Valued at $6.8 Billion"

1 min read
Source: The Associated Press
"Trump's Truth Social Goes Public, Valued at $6.8 Billion"
Photo: The Associated Press
TL;DR Summary

Donald Trump's social media company, Trump Media & Technology Group Corp, has started trading on the Nasdaq with a market value of almost $6.8 billion. The company, which operates the social media platform Truth Social, faces skepticism from potential investors due to its high stock price and volatility, as well as its lack of profitability. With Trump's ownership stake and legal proceedings, the company also faces risks related to the former president's involvement. Despite Trump's claims of Truth Social's success, the platform's user numbers have not been disclosed, and it faces competition from established social media giants.

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