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Prof G Markets: Trump’s Memestock Goes Public, the Problem with DEI, and Daniel Kahneman’s Legacy

The Prof G Pod with Scott Galloway

The Volatility of Truth Social Stock

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Truth Social, Donald Trump's social media platform, experienced a highly volatile first day of trading with shares popping 59% and closing up 16% from the issuance price. The following day, the stock rose another 14%, reaching a market cap of $9.5 billion. However, given its extreme volatility, the stock is expected to continue swinging in price.

Scott and Ed break down Truth Social’s first couple days on the public market and question how Trump might cash out of his shares. Scott then takes a look at a report that reveals how ineffective corporate diversity, equity, and inclusion programs can be. Finally, Scott discusses the work of Daniel Kahneman, a Nobel Prize winning economist who greatly influenced how he thinks about money.

Further reading: Carnivirus

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