![]() theguardian.com ![]() How can Donald Trump's loss-making Truth Social be worth $9bn? 1y • rvolz.eth • Share Kiwi link • Copy Kiwi link | |
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" 🥝 🔥 👀 💯 🤭 | |