This podcast episode explores the journey of Truth Social, a social media platform founded by Donald Trump, from its launch to its financial challenges and stock performance. The platform was created to provide a space for Trump and his supporters, but it has faced difficulties in attracting users and securing funding. The company turned to a SPAC deal to raise funds and go public, but skepticism and the decline of the SPAC market impacted its viability. Truth Social went public with a surge in stock price, driven by investor enthusiasm and speculation about Trump's future success. However, the company's weak financials and the potential implications of Trump's involvement pose challenges for its future.
