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The Daily - The Newest Tech Start-Up Billionaire? Donald Trump

Over the past few years, Donald Trump’s social media platform, Truth Social, has been dismissed as a money-losing boondoggle.
This week, that all changed. Matthew Goldstein, a New York Times business reporter, explains how its parent venture, Truth Media, became a publicly traded company worth billions of dollars.

The Newest Tech Start-Up Billionaire? Donald Trump

From New York Times, I'm Michael Balboro. This is the Daily.

Over the past few years, Donald Trump's social media company, Truth Social,

was dismissed as a money-losing boondoggle.

Today, Matthew Goldstein, on how over the past few days, it somehow

became a publicly traded company worth billions of dollars.

You're a Matthew byline because my mother likes me using you.

I named you Matthew, you should use Matthew for your bio,

because I initially did use Matt, and then she got it.

This is literally the tale of the Jewish mother.

Yes, the way all journalism is at a start.

You know, why did you go into journalism to begin with?

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Listen to this podcast in New York Times Audio, our new iOS app for news subscribers. Download now at nytimes.com/audioapp

0:00.0	From New York Times, I'm Michael Balboro. This is the Daily.
0:05.0	Over the past few years, Donald Trump's social media company, Truth Social,
0:18.0	was dismissed as a money-losing boondoggle.
0:22.0	Today, Matthew Goldstein, on how over the past few days, it somehow
0:28.8	became a publicly traded company worth billions of dollars.
0:33.4	It's Thursday, March 28th.
0:49.0	Matthew, thank you for coming.
0:52.0	Matthew, thank you for coming.
0:53.2	Thank you for having your debut.
0:55.2	Yes.
0:56.2	Do you go by Matt?
0:57.2	I go by Matt.
0:58.2	You're a Matthew byline because my mother likes me using you.
1:03.0	When I first started out, my mom says,
1:05.0	I named you Matthew, you should use Matthew for your bio,
1:08.0	because I initially did use Matt, and then she got it.
1:10.0	Yeah.
1:11.0	This is literally the tale of the Jewish mother.
1:13.2	Yes, the way all journalism is at a start.
1:15.7	You know, why did you go into journalism to begin with?
1:18.3	Right, you could have been a doctor.
1:19.4	Here we are.
	...

The Newest Tech Start-Up Billionaire? Donald Trump

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