Donald Trump’s Truth Social platform has made a splash in the media world, with its shares taking a significant hit since going public on March 26th. Despite the decline, investors are still showing interest in the social media platform, valuing it at a premium price compared to its performance and potential. The uncertainty surrounding the number of outstanding shares and the company’s financial losses raise concerns for potential investors. Truth Social’s attempt to compete with industry giants like Facebook and Amazon is ambitious, but its lack of transparency regarding audience numbers is a red flag. While the platform tries to downplay traditional performance indicators, its traffic numbers pale in comparison to its competitors.
2024-04-18 07:57:57
Originally published on www.economist.com