Truth Social Goes Public
Former President Donald Trump's social media company, Truth Social, went public, providing him with a financial boost. However, the company's fundamentals do not justify the stock price, with low revenue and high losses. Analysts predict the stock price could plummet if Trump sells his shares or if he loses his bid to retake the White House.
Key Points
- Trump's social media company, Truth Social, went public
- Low revenue and high losses reported in SEC filings
- Analysts predict stock price may plummet if Trump sells shares or loses bid for White House
Pros
- Financial boost for Trump
Cons
- Low revenue and high losses
- Analysts predict stock price could plummet