How Truth Social could make former President Trump billions before turning a profit

Details

Publish Date:

July 24, 2024

Author(s):

Waters, Carlos

Source:

CNBC

Related Person(s):

Related Organization(s):

Stanford Securities Litigation Analytics (SSLA),
John M. Olin Program in Law and Economics,
Arthur and Toni Rembe Rock Center for Corporate Governance

Summary

“The share price is explained more by the, you know, the meme stock phenomenon,” said Michael Klausner, a professor of law and business at Stanford Law School. The term “meme stock” refers to businesses that suddenly gain popularity, particularly over social media, leading to high stock prices and large trading volumes.