"Trump's Truth Social: A Volatile Debut Defying Logic"

Truth Social, the media company linked to Donald Trump, experienced a volatile debut on the stock market, with its share price surging nearly 60% before ending the day with a 16% increase. The company's market capitalization briefly crossed $10 billion despite reporting an operating loss of $10.6 million on revenue of $3.4 million. Experts likened its trading to meme stocks, attributing the surge to Trump supporters demonstrating loyalty rather than punishing short-sellers. With Trump owning nearly 79 million shares, the stock's debut added $300 million in cash to its balance sheet, but experts remain skeptical about its long-term prospects given its lack of demonstrated growth and ability to make money.