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Stay Tuned with Preet

Trump Media Goes Public (with Felix Salmon)

Stay Tuned with Preet

Vox Media Podcast Network

Politics, Government, News, Society & Culture

4.832.4K Ratings

🗓️ 8 April 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Felix Salmon is the chief financial correspondent for Axios. He joins Preet to discuss the volatile stock market debut of Trump Media, trading under the ticker DJT. They cover meme stocks, Trump’s net worth, and Trump’s ever-expanding docket of lawsuits.  Stay Tuned In Brief is presented by CAFE and the Vox Media Podcast Network. Please write to us with your thoughts and questions at letters@cafe.com, or leave a voicemail at 669-247-7338. For analysis of recent legal news, join the CAFE Insider community. Head to cafe.com/insider to join for just $1 for the first month.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Support for this show comes from Krakan.

0:03.0

Krypto is like the financial system, but different.

0:07.0

It doesn't care where you come from, what you look like, your credit score,

0:11.0

or your outrageous food delivery habits.

0:13.7

crypto is finance for everyone everywhere all the time.

0:18.4

Krakhan, see what crypto can be.

0:21.3

Don't invest unless you're prepared to lose all the money you invest.

0:25.0

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:31.2

Support for this show comes from Krakan.

0:33.0

Krypto is like the financial system, but different.

0:37.0

It doesn't care where you come from, what do you look like, your credit score,

0:41.0

or your outrageous food delivery habits.

0:44.1

crypto is finance for everyone everywhere all the time.

0:48.8

Krakhan, see what crypto can be.

0:52.0

Don't invest unless you're prepared to lose all the money you invest.

0:55.0

This is a high-risk investment and you should not expect to be protected if something goes wrong. From Cafe and the Vox Media Podcast Network, this is stay tuned in brief.

1:10.4

I'm Preet Barara.

1:12.2

On March 26th, Trump Media and Technology Group, the company that owns

1:16.2

former President Donald Trump's social media platform, Truth Social, became publicly traded.

1:21.1

Its stock ticker is DJT. On its first day of trading, the company's

1:26.7

stock price soared, reaching an estimated valuation of $8 billion. Less than one week later, the stock plummeted, falling more than 20 percent,

1:36.3

after an SEC filing revealed that the company had lost over 58 million dollars in

...

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