Why Truth Social's stock price soared despite company reporting $49M loss last year

Donald Trump’s Truth Social made its debut on the Nasdaq Tuesday. The stock price soared, powered by supporters looking to invest in the former president's business. But the platform’s stock success doesn’t seem to match its financials. Truth Social lost $49 million last year and has fewer users than any other social network that has gone public. William Brangham discussed more with Dan Alexander.
Stream your PBS favorites with the PBS app: to.pbs.org/2Jb8twG
Find more from PBS NewsHour at www.pbs.org/newshour
Subscribe to our RUclips channel: bit.ly/2HfsCD6
Follow us:
TikTok: / pbsnews
Twitter: / newshour
Instagram: / newshour
Facebook: www.pbs.org/newshour
Subscribe:
PBS NewsHour podcasts: www.pbs.org/newshour/podcasts
Newsletters: www.pbs.org/newshour/subscribe