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Slate Magazine

Slate Magazine

Trump's social media company, Trump Media, rose 6 percent on Wednesday

Slate Magazine
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60% Informative

Donald Trump's social media company, Trump Media and Technology Group , rose by 6 percent on Wednesday .

Frida Ghitis : Trump 's return to power is unambiguously horrible for Truth Social’s actual business.

She says Truth Social is a cash incinerator, but it's a bad business because it's the place where Trump posts.

Ghitis says the company's business fundamentals are untethered from its company's stock performance.

As a proper business, Truth Social is dead in the crib, but as a meme stock, it's not dead at all.

Trump owns 58 percent of Trump Media’s stock, and as long as there are willing buyers, he has the option of selling huge chunks of his shares without pushing down the price too much.

Trump is immune not only from legal consequences for anything but also from the old-school laws of markets.

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