Trump's Truth Social Goes Public With $9B Valuation Despite Challenges
• Trump Media & Technology Group, owner of Truth Social, is going public with a valuation around $9 billion that experts say is wildly inflated and "divorced from fundamentals"
• Truth Social is losing users, generated just $3.4 million revenue in 9 months, and lost $49 million over that span
• Trump's 79 million share stake is now valued at nearly $4 billion due to the sky-high stock price, although he likely can't sell shares anytime soon
• Truth Social faces challenges - just 494,000 monthly active users compared to millions on rivals like Twitter and Reddit
• Risks include dependence on Trump, his legal issues, history of bankruptcies, and question of what happens when insiders can sell shares