Donald Trump's Truth Social Goes Public

With roughly $3.5 million in annual revenue and around five million active users, Trump Media is being valued at billions—about 600x revenue—far beyond even hot AI stocks, signaling a speculative meme stock driven by politics and fandom, not business metrics.

Trump’s 60% ownership stake could boost his net worth by about $3 billion on paper, conveniently arriving as his New York civil fraud bond is reduced but still massive, raising questions about whether he can borrow against these inflated shares.

The conversation highlights how a politically connected investor like Jeff Yass—tied to both DWAC and TikTok—could theoretically benefit from Trump’s regulatory decisions, blurring the line between policy and personal financial rescue.

Although a six‑month lockup is supposed to stop Trump from selling shares, the board—stacked with allies like Don Jr., Devin Nunes, and Linda McMahon—can waive it, making the restriction more of a formality than a true safeguard.

Galloway argues that underpaying leaders while allowing them to actively trade and quickly cash in post‑office creates irresistible incentives for self-dealing, proposing very high salaries plus blind trusts and long cooling‑off periods as fixes.