Trump’s fans have posted on Reddit, X, and Truth Social about how much they love the Truth Social stock—and plan to hold on to it in support of the former president.
But on the Nasdaq, the stock exchange where Truth Social became a publicly traded company today, there's a different story: Truth Social has become a certified meme stock. Trump supporters seem to have conflated their support for the former president with the stock itself, and are buying en masse. The stock quickly rose more than 40 percent after being listed and trades under a ticker of Trump’s initials, DJT. The company is now valued at more than $6.8 billion.
“Or when our founder is The Leader of The Free World and most reported on person on the world with the most attention on him and his platform. So maybe never‼️” Reddit user deepfuckingbagholder speculated that the company could eventually be worth 1 trillion dollars. When another user replied, saying that valuation would be virtually impossible, deepfuckingbagholder wrote back: “This stock represents the value of Trump’s brand and I personally believe it can achieve that valuation.
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