Posted 3/29/2024, 9:35:00 PM
Trump's Truth Social IPO Surges, But Unclear If Gains Are Realizable
- Trump's net worth skyrocketed to $7.5B since his Truth Social network went public, but it's unclear if he can cash in on the gains
- Trump has financial troubles - his campaign fundraising is low and he needs to pay a $175M fraud bond
- Truth Social's stock price surged after IPO but its business prospects are poor - it's losing money and relies on a doubtful ad model
- Legal restrictions may prevent Trump from selling his shares within 6 months to get cash
- It's unpredictable whether Truth Social's stock valuation will hold up, allowing Trump to profit from his stake