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Truth Social Is Grossly Overvalued

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CNN: “Truth Social is not a serious threat to compete with, let alone eclipse, X, Facebook or YouTube – it’s not among the 100 most downloaded social media applications in the Apple App store – nor has it separated itself as their conservative alternative. Trump Media’s management warned last year that the company was at risk of insolvency without a merger, and most analysts are skeptical of its current valuation above $6 billion.”

“Instead, the sky-high appraisal appears closely tied to Trump’s political comeback attempt. But Truth Social has not proved it can survive, let alone thrive, unless the nation’s gaze is affixed on the site’s most famous user.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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