Trump's Truth Social Faces Uphill Battle to Profitability Despite Loyal Supporter Base

Trump stands to make $3.5 billion from his 60% stake in Truth Social if it goes public at a $6 billion valuation
Truth Social's stock price is disconnected from its poor financials, fueled by Trump's ardent supporter base
The company lost $31.6 million in the first 9 months of 2022 and only generated $1.1 million in revenue
Truth Social only has 8.9 million users, dwarfing mainstream platforms like Facebook's 3 billion
The frenzy over Truth Social mirrors past meme stocks like Gamestop, driven more by loyalty than fundamentals