Reddit, Trump Media, and the Return of Meme Stocks | Pivot

ℹ️ EPISODE INFO

Released

March 29, 2024

Duration

8m

Channel

Pivot

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Kara Swisher and Scott Galloway discuss how Reddit and Trump Media stocks are performing, following their successful debuts as public companies. Will Reddit be able to maintain its value? Will Trump Media be more than a meme stock? #pivot #podcast #reddit #trumpmedia #truthsocial #ipos

🎤 SPEAKERS

• Kara Swisher

  host

• Scott Galloway

  host

🧾 EPISODE SUMMARY

In this episode of Pivot, featuring Kara Swisher and Scott Galloway, Reddit, Trump Media, and the Return of Meme Stocks | Pivot explores reddit’s IPO Soars While Trump Media Becomes Ultimate Meme Stock Gamble Kara Swisher and Scott Galloway dissect Reddit’s strong IPO debut and contrast it with the speculative frenzy around Trump Media’s Truth Social. They argue Reddit’s pop reflects both an insider-friendly IPO ‘racket’ and genuine optimism about finally monetizing massive traffic. In contrast, they describe Trump Media as the “meme-iest” meme stock, wildly detached from fundamentals and driven by Trump fandom and potential political quid pro quo. Both hosts warn retail investors that these markets remain heavily skewed toward institutions and, in Trump Media’s case, rife with governance, legal, and ethical red flags.

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