7 months ago
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The rightwing social network’s flotation, supported by fans of the ex-president, make it a part of the ‘meme stock’ phenomenon
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Donald Trump’s social network went public on Tuesday and almost immediately hit a valuation of almost $8bn (£6.3bn). The valuation fell back to a more modest $6.58bn by the time markets closed in New York, but that still represented a gain of more than 15% on its initial public offering (IPO) value. That enormous success has raised questions, and not all of them are easy to answer.
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