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Trump Media Goes Public (with Felix Salmon)
Apr 8, 2024
Chief financial correspondent for Axios, Felix Salmon, discusses the stock market debut of Trump Media, meme stocks, Trump's net worth, and his lawsuits in a lively conversation with Preet.
22:54
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Quick takeaways
- Trump Media's stock debut as a meme stock reflects speculation and risks in the market.
- Corporate chaos within Trump Media Group includes messy operations, lawsuits, and potential Russian-American involvement.
Deep dives
Trump Media and Technology Group's Volatile Stock Debut
The podcast delves into the volatile debut of Trump Media and Technology Group, owner of Truth Social. The company's stock price initially soared, reaching an $8 billion valuation, but later plummeted over 20% after revealing significant financial losses. This rollercoaster debut labeled it a meme stock, inviting speculation and risks surrounding its valuation and market behavior.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode