Trump defends Truth Social as media company's skeptics grow, stock price whipsaws

📆 04/04/2024 12:58:00
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As critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.

Donald Trump defended his social media platform Truth Social from a growing chorus of critics who view its parent company as an overpriced meme stock.

In addition to being a megaphone for the presumptive Republican presidential nominee, the platform is Trump's path to a potentially massive financial windfall. The company's cachet is inextricably tethered to the status and continued relevance of Trump, its founder and public face. Trump on Thursday morning even seemed to identify himself as Truth Social's main draw.

Trump Media said it might eventually change its mind and report that data, but it also"may never collect, monitor, or report any or certain key operating metrics."

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