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Episode Details
EPISODE INFO
- Released
- March 26, 2024
- Duration
- 6m
- Channel
- Pivot
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Truth Social's parent company, Trump Media & Technology Group, is now a public company that's trading on the Nasdaq. Kara Swisher and Scott Galloway discuss what this means for Donald Trump's net worth and the future of Trump Media as a meme stock. #pivot #podcast #donaldtrump #truthsocial
SPEAKERS
Kara Swisher
hostScott Galloway
host
EPISODE SUMMARY
In this episode of Pivot, featuring Kara Swisher and Scott Galloway, Donald Trump's Truth Social Goes Public explores Trump’s Truth Social IPO: Meme Stock, Legal Risks, Political Cash Machine Kara Swisher and Scott Galloway dissect Donald Trump’s Truth Social going public via a merger with Digital World Acquisition Corp, valuing Trump’s media company at around $5 billion despite minimal revenue and users. They frame the stock as a classic meme play and a likely vehicle to funnel money to Trump, particularly as he faces a massive civil fraud bond in New York. The discussion raises concerns about potential conflicts of interest involving mega-donor Jeff Yass, TikTok, and political influence, as well as the broader problem of corruption and weak guardrails around elected officials’ finances. Both hosts predict intense regulatory and legal scrutiny, positioning this deal as “peak 2024” in its mix of politics, social media, meme stocks, and litigation.
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