Trump aims for a theoretical profit of $3 billion with the IPO of his social network. The IPO could become effective next week, but Trump has a commitment not to sell his shares in six months.
The valuation that the market gives to the company taking as a reference the current price, of about 5,000 million dollars, defies logic and it is very difficult for the former president to materialize those profits. Trump founded Truth Social when he was expelled from Twitter and Facebook for messages that content moderators considered incited violence.