{"id":13901,"date":"2024-03-27T15:37:23","date_gmt":"2024-03-27T14:37:23","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/03\/27\/how-can-donald-trumps-lossmaking-truth-social-be-worth-9bn\/"},"modified":"2024-03-27T15:37:23","modified_gmt":"2024-03-27T14:37:23","slug":"how-can-donald-trumps-lossmaking-truth-social-be-worth-9bn","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/03\/27\/how-can-donald-trumps-lossmaking-truth-social-be-worth-9bn\/","title":{"rendered":"How can Donald Trump\u2019s lossmaking Truth Social be worth $9bn?"},"content":{"rendered":"

The rightwing social network\u2019s flotation, supported by fans of the ex-president, make it a part of the \u2018meme stock\u2019 phenomenon<\/p>\n

\u2022 Business live \u2013 latest updates<\/a><\/p>\n

Donald Trump\u2019s social network went public on Tuesday and almost immediately hit a valuation of almost $8bn<\/a> (\u00a36.3bn). The valuation fell back to a more modest $6.58bn by the time markets closed in New York, but that still represented a gain of more than 15% on its initial public offering (IPO) value. Shares rose again in volatile trading on Wednesday, and were up 13% by mid-morning, valuing it at $9.3bn. That enormous success has raised questions, and not all of them are easy to answer.<\/p>\n

Continue reading…<\/a>
\nThe rightwing social network\u2019s flotation, supported by fans of the ex-president, make it a part of the \u2018meme stock\u2019 phenomenon
\n\u2022 Business live \u2013 latest updates
\nDonald Trump\u2019s social network went public on Tuesday and almost immediately hit a valuation of almost $8bn (\u00a36.3bn). The valuation fell back to a more modest $6.58bn by the time markets closed in New York, but that still represented a gain of more than 15% on its initial public offering (IPO) value. Shares rose again in volatile trading on Wednesday, and were up 13% by mid-morning, valuing it at $9.3bn. That enormous success has raised questions, and not all of them are easy to answer. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

The rightwing social network\u2019s flotation, supported by fans of the ex-president, make it a part of the \u2018meme stock\u2019 phenomenon \u2022 Business live \u2013 latest updates Donald Trump\u2019s social network went public on Tuesday and almost immediately hit a valuation of almost $8bn (\u00a36.3bn). The valuation fell back to a more modest $6.58bn by the …<\/p>\n

How can Donald Trump\u2019s lossmaking Truth Social be worth $9bn?<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":13902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13901"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13901"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13902"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13901"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}