Trump, a main draw for Truth Social users and many retail investors in the company, said earlier in September that he will not sell his stake. The stock price briefly shot up after his remarks.
Other early investors have made no such promises. They include ARC Global, a sponsor of the blank-check firm that took Trump Media public, and United Atlantic Ventures, an entity controlled by two former contestants on Trump’s reality show “The Apprentice.”
I believe it’s not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.
It’s hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn’t be surprised if it’s still quite overvalued, and so it makes sense for those investors to try to sell at this price.
This is the real answer.
CBS not fact checking gives the liar a strong advantage.
The moderators not fact checking is fine for things like debate competitions because the judges are experts.
But in a public debate, an opponent even responding to a lie legitimizes the lie. “Of course he’d say that.”
When a candidate lies and the facts are readily available to the moderators, it is imperative for the public good that they fact check.