Will Truth Social (and Trump) Last a Year?

As of the close of business today, the company which owns the Truth Social website, was selling on the NASDAQ exchange for $48.66 a share. A week ago, the stock closed at $78.40. Meanwhile, the entire NASDAQ stock index went from $16,298 on March 27th to $16,374 today.

I always compare the price of any stock which gets me interested to the index of all the stocks on that particular exchange. Now if the entire NASDAQ had dropped as much over the last week as Trump’s media company has declined, the NASDAQ index right now would be sitting at $10,104.

In other words, if every NASDAQ listed company were performing the way that Trump’s company is performing, the NASDAQ exchange would probably slam the door shut and say bye-bye to the entire investment community.

So, the real question we have to ask about the Trump media empire anchored by the Truth Social website is not whether it will become viable and succeed, but how long is it going to last.

Which happens to be what the accounting firm is saying which filed the Trump Media and Technology Group (TMTG) 8-K form today with the SEC.

Here’s what they said, in black and white right up front: “As discussed in Note 2 to the financial statements, the Company’s operating losses raise substantial doubt about its ability to continue…