Interesting! Reddit also went public recently and it arguably has a much longer track record as a tech and social media company. However, its mcap is at only $9B, and from a gut feeling, Reddit has way more value extraction potential than Truth Social. So not sure where this is going…
Reddit has its risks, but it seems to be significantly undervalued. If I were still investing in stocks, I'd definitely hold a position there. And re: Truth Social potential, the article's ending IMO summarizes it best: >>> "Truth Social, with its backing from Trump, felt like the most likely to succeed in that space, against the 4chan-inflected tone of its precursor Gab and the Trump-allied site Parler. Then Elon Musk bought Twitter. Under the billionaire’s ownership, the site, rebranded as X, has become the home of the online right on its own, shedding a fifth of its users in the process. There’s plenty of criticisms one can lay at the feet of Musk, but being censorious of rightwing viewpoints isn’t one"