How Former President Trump Could Profit From Truth Social

Former President Donald Trump launched Truth Social to fight what the company calls liberal bias within Big Tech. After a buzzy initial public offering, the former president stands to personally profit, despite early reports of the company's low revenue and massive quarterly losses. Trump's controlling stake could cover his potential legal obligations, which mounted in the lead-up to his bid for re-election in November 2024.

Chapters:
00:00-01:11 Cold Open
01:11-03:27 Chapter 1 - Truth Social
03:27-06:29 Chapter 2 - Initial Public Offering
06:29-08:29 Chapter 3 - Donald Trump's controlling stake
08:29-11:32 Chapter 4 - Election implications

Produced by: Carlos Waters
Edited by: Nora Rappaport
Supervising Producer: Lindsey Jacobson
Animation: Christina Locopo, Emily Rabbideau
Additional Footage: Getty Images
Additional Sources: Associated Press, Clemson University, Nasdaq, Securities and Exchange Commission, SimilarWeb, Stanford Law, Trump Media & Technology Group, University of Notre Dame, Vanguard

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How Former President Trump Could Profit From Truth Social

[Jonteponte]

It's amazing to me that a presidential candidate gets to have a public company registered on the stock market and worth billions when Jimmy Carter did not even get to keep his peanut farm 🤷‍♂

[FireEverLiving]

Since Trump owns most of the shares, isn't buying the stock basically a way to donate to Trump's campaign, but anonymously, without any of the usual campaign finance limits on amount or US citizenship, and with the ability to claim the donation as a capital loss on your taxes?

[testaccount]

I don’t understand how it’s not a conflict of interest. Aren’t US presidents supposed to be grilled and audit for self financial interests? Or does that not exist in The US?

[ddcd]

He's just running a huge scam as usual, he'll take the money and run.

[dify]

Don the con continues to con his supporters. I love it!!

[qa]

What is Truth Social? I only get an indefinite twirly thing in the middle of my screen when I select the link.

[MidnightRambler]

Next week the Clinton foundation? Or bidens kickback scheme?😂

[Ashleylynellknight]

What he did to tell people to go to the White House that day is criminal

[kwan]

Investing in this is not unlike investing in TSLA, neither company has any decent fundamentals.

[josephs]

Y'all should make one about Nancy Pelosi being worth $120M on a $200K salary. Hint: Insider trading.

[john]

I'm favoured financially with Bitcoin ETFs approval, Thank you, buddy.$42, 000 weekly profit regardless
of how bad it gets on the economy

[moonmanpics]

Hundreds of people have been scammed out of over $10 million by criminals lurking on Truth Social. 😂😂😂

[DuffyGabi]

As a moderate conservative and a former person of faith, I am astounded by how stupid people are that they can’t see Donald Trump for the opportunist and liar he is.

[jebbo-cl]

its a fraud just like all his other failed businesses

[Allofussurvived]

5.3 million is quite a lot for a new platform

[thomasridley]

Truth social is where the sociopaths in our society gather to validate their egomania.

[petero.muller]

Please explain the realistic profit when it turns down to pennystock?

[pedalesmexicali]

The only thing I will remember from this video was that “X” was formerly “Twitter.”

[leonardos]

Dude is the GOAT, some Americans deserve only Biden, not a patriot like Trump. The bad part is that the prosperity he brings is to the (pseudo) liberals as well.

[solitivity]

I'm not rich, but $770, 000 is f**kin' weak. 🤣