Die-hard supporters of Donald Trump are eagerly awaiting the public listing of his social-media company, Truth Social, and are expressing their faith in the company's success. The path to the public markets has been challenging for Truth Social, but a merger with a SPAC looks imminent.
Die-hards go to talk politics, God and the stock market. On Reddit and Rumble (a kind of far-right YouTube) they pump up their man Donald Trump and his social-media company, Truth Social , which they pray will soon go public via a SPAC . Then they read a Bible verse or two. One Old Testament proverb—“Buy the truth and do not sell it”—is almost too apt. “That’s what we’re doing here, folks,” says Chad Nedohin, a hype-man on Rumble.
“Literally, as a team of investors, we have bought into truth and we are never selling because we are diamond-handed.” Faith is a prerequisite for this merry band of meme-stock traders. Truth Social’s path to the public markets has been long and fraught, dogged by anprobe, lawsuits by disgruntled former employees, and a cash crunch. At last, a flotation looks imminent. On March 22nd, investors in a SPAC will vote on whether to merge with Truth Social’s parent company, Trump Media & Technology Group
Donald Trump Social-Media Truth Social SPAC Meme-Stock Traders Public Listing
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