Matthew Goldstein, a NY Times reporter, discusses Trump's Truth Social going public, potentially worth billions. The risks of foreign influence on Trump if elected are highlighted. The podcast explores the rapid rise of Truth Social's stock value and the implications of Trump's involvement in the company.
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Quick takeaways
Trump's social media company, Truth Media, transformed into a billion-dollar publicly traded venture.
Ethics concerns are raised about potential foreign influence on Trump if he becomes president with a publicly traded company.
Deep dives
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Story Behind Trump's Social Media Company
The journey of Donald Trump's social media company from being dismissed as unprofitable to becoming a publicly traded venture valued at billions unfolds through connections with former reality show contestants. The company's trajectory involves merger negotiations, challenges with regulatory investigations, and the pivotal role of loyal shareholders in propelling its recent success.
Trump's Social Media Company Valuation and Financial Reality
Amidst the soaring stock value of Trump's social media company, questions arise about its actual financial standing. Despite substantial market valuation, the company's financial fundamentals, including revenue and losses, depict a stark contrast. The valuation surge is attributed to fervent investor support and echoes previous trends of meme stocks in the market.
Over the past few years, Donald Trump’s social media platform, Truth Social, has been dismissed as a money-losing boondoggle.
This week, that all changed. Matthew Goldstein, a New York Times business reporter, explains how its parent venture, Truth Media, became a publicly traded company worth billions of dollars.