Love him or hate him, former President Donald Trump knows how to command an audience. That has enabled him to speak freely and largely without consequence, aside from not winning the 2020 election. Therefore, even with the underlying questionable business model, conservative social media outlet Truth Social (NASDAQ:DJT) successfully entered the public arena. However, when it comes to stocks, market participants need more than just a boisterous personality. Unfortunately, Truth Social comes off as a redundant business at best.
Arguably, the wild nature of DJT stock, as you can see below confirms the high-risk nature of the underlying company. As a result, it may be better for Trump supporters to donate directly to the cause rather than buy shares of Truth Social. For that reason, I am bearish on DJT stock.
With All Due Respect, Truth Social Is Pointless
As Americans, it’s important to not lose sight of the core…
