trading_places-16x9.jpg
Still from Trading Places, 1983. Courtesy Everett Collection
Trump Media goes public
Take the Poll
Q1: On Tuesday, Trump Media and Technology (TMT) started trading publicly on the Nasdaq stock exchange under ticker DJT. It's the parent company of Truth Social, the Twitter-clone started by former President Trump and advisors in 2021.

As of Thursday, the stock was $65/share, giving he business a valuation of $9 billion.

Do you plan to own or be short the shares of TMT in the near future?
(Note: Being short is the opposite of owning — you profit when the price goes down)


Q2: Truth Social's revenue in 2023 was $5m. At its current valuation, it is trading at 2000x annual revenue.

By comparison, social media companies Reddit, which went public last week, trades at 9x revenue, Facebook at 8x, Snapchat at 6x.

What do you think is the main reason TMT trades at a multiple that is 200-250 times greater than that of other social media companies?


Q3: Trump owns 58% of TMT, which puts the value of his share at $5bb. This is thought to be more than double his preexisting net worth of $1bb -$2bb, and dwarf his annual campaign and PAC fundraising of about $120m

Some observers have pointed out that people, organizations, or governments that wish to donate to Trump without the restrictions that come with campaign donations, can do so by buying shares of TMT.

Which do you think are likely to buy shares in order to donate or otherwise curry favor with Trump?
(check all that apply)