Popular Information reports:
TMTG promised that “TRUTH Social plans to begin its Beta Launch for invited guests in November 2021.” But November 2021 came and went without the Beta Launch or any update from the company. The Truth Social homepage is a single static page that collects email addresses.
Writing in Bloomberg, Matt Levine concludes there is “almost no sign that TMTG is actually building a social network or a streaming platform or anything else.” Nevertheless, TMTG projects 121 million monetizable users and $3.6 billion in revenue by 2026.
It’s a deal that makes Trump money and the investors money. The people holding the bag will be retail investors paying premium prices for a mirage of a company because they like Trump.
Read the full article. There’s so much more.
1. Trump’s media company, TMTG, has:
✔️ No products
✔️ No subscribers
✔️ No revenue
And yet it’s currently valued at $1.6 BILLION!
— Judd Legum (@JuddLegum) December 7, 2021