Former President Donald Trump’s social media platform, Truth Social, surged in the stock market Monday.
The parent company of Truth Social – Trump Media & Technology Group (DJT) – increased by 15%, CNN Business reported Monday late afternoon. (RELATED: ‘It’s Not Going To Be Close’: Mark Halperin Says Women Will Decide Election)
Truth Social is a 3 years old tech startup.
It’s worth $5.4 billion.
If you (a venture capitalist) had done a $1m on $10m post seed round, you would be sitting on $500m+ in gains and a 714% IRR.
This is why VCs should NEVER pass on founders based on political views.
— John Coogan (@johncoogan) October 16, 2024
The stock price has drastically wavered since it went public in March. Its value quadrupled over five weeks before nosediving 41% over the last three trading sessions, CNN Business noted.
Market analysts pointed to Trump’s recent…
