Trump Media Goes Public, But Questions Remain About Company's Finances and Future

Trump's Truth Social parent company started trading on Wall Street, closing at $57.99 per share. His majority stake is now worth $5.5 billion.

Trump needs to post a $175 million bond by Monday related to a court judgment against him. He's struggling to find the funds.

The Truth Social public debut boosts Trump's finances, but he can't sell shares for 6 months due to merger terms.

Wall Street valued Trump Media at $14 billion, but experts say that number is deeply flawed and untethered from its poor fundamentals.

In its first 9 months of 2021, Trump Media lost $49 million on just $3.4 million in revenue, compared to Reddit's $804 million revenue.