Former President Donald Trump’s social media platform **Truth Social** has been the subject of intense and anticipated discussion. After years of struggle, it finally found its place in the stock market. In this article, we take an in-depth look at Truth Social’s journey, its research, and the implications of its public debut.

The way society works

Truth Social’s parent company **Trump Media & Technology** took a different approach to going public. Instead of a traditional initial public offering (IPO), it chose to "blank check" merge with a shell company called **Digital World Acquisition**. Shareholders of Digital World voted in favor of the merger, giving Trump’s social media venture access to the stock market.

Lackluster Launch and Shareholder Support

Truth Social has faced challenges since its lackluster design, which has led to limited sales of about $5 million as of 2021. However, loyal Trump supporters have rallied behind it, increasing participation in Digital World and have driven the stock up an impressive 145% since the beginning of the year to $6 billion.

Ticker Symbol: DJT

The newly formed company will trade on the stock market as **Trump Media & Technology Group**, using the ticker symbol **"DJT"**—Trump's initials. Ahead of the announcement, Digital World's stock price stood at $44, implying that the combined entity would debut with a value exceeding $5 billion.

Trump's Paper Fortune

Donald Trump's stake in the combined business comprises approximately **79 million shares**, translating to a paper fortune of about **$3 billion**. However, he won't be able to cash in immediately due to a six-month lock-up period for key shareholders after the merger.

Financial Crunch and Meme Stock Status

This move comes amidst a financial crunch for Trump, who aims to regain the presidency from Joe Biden in the upcoming elections. A New York judge recently ordered him to pay $454 million following a civil fraud case. His lawyers have deemed this payment a "practical impossibility" after 30 surety companies declined to cover it.

Digital World has also become a so-called **meme stock**, fueled by internet memes—some posted on platforms like Truth Social—encouraging retail investors to buy into it. Despite underlying fundamentals, the stock's rise has been remarkable.

As the eagerly anticipated initial public offering (IPO) date of September 19 looms on the horizon, the financial world is abuzz with speculation and analysis regarding this tech-driven grocery delivery titan. Instacart, with its seamless platform, swiftly rose to prominence as the go-to solution for millions of households across the nation.

On September 15, Instacart raised eyebrows when it announced an adjustment to its proposed price range for the IPO $28-$30. Instacart's decision to pursue a value stock strategy highlights its commitment to prudent growth.

In reflecting upon this journey to the public stage, one cannot help but draw parallels to the resilience and adaptability of Columbus, Ohio itself. The global pandemic of 2020 accelerated the adoption of online grocery shopping. Consider the story of John and Sarah, a couple based in Columbus, Ohio, who, like many, found solace in Instacart's services during the height of the pandemic.

Instacart operates in a fiercely competitive industry. Rivals such as Amazon Fresh and Walmart Grocery are vying for a piece of the same market. While Instacart's revenue growth during the pandemic was impressive, questions remain about its path to profitability. The grocery delivery market is subject to evolving consumer preferences and market dynamics.

Image via CrunchBase

Trulia Is On The Stock Market

Trulia Inc. is riding the housing recovery well and has just gone public. With only one week of trading, it is now valued at over half a billion dollars.

The online real estate company opened on the New York Stock Exchange at $22 per share which was well above the asking price. Its offering is a test for how much people have overall interest in IPOs since Facebook's bad debut. Many companies are happy that it went so well the first day of Trulia's debut. Trulia makes money by selling subscriptions and advertisements to realtors. It has not returned a profit yet but its revenue has nearly doubled in the last year. If they lose those realtors, then their company will hurt so they must make sure that there is a demand for houses.