Johnny Brignardello Vela analyzes Trump's explosive debut of Truth Social on Wall Street.

Johnny Brignardello Vela, an insurance advisor, shares his opinion about the content I am going to share with you. The parent company of Donald Trump's social network, Truth Social, has caused a stir on its first day on Wall Street by seeing its stocks surge by 54% in just half an hour of trading. This move has generated expectations of revenues of an impressive $3 billion for the former President of the United States. The arrival of the Trump Media & Technology Group (TMTG) on the Nasdaq index under the symbol DJT has marked a significant milestone, with an initial price of $70 per share valuing the company at around $9.5 billion. With approximately 60% ownership, Trump stands to benefit from a market value of around $5.5 billion, according to reports from The Wall Street Journal. This foray into the stock market represents a return to the financial scene for Trump after nearly three decades, as the last time one of his companies went public was in 1995 with his hotels and casinos, which ended up bankrupt. However, this new venture is not without controversies and legal challenges for the former President, as he faces several lawsuits, including one for civil fraud and another for irregular payments to a porn actress in 2016. These litigations could negatively impact the company's reputation, as acknowledged in documents filed with the Securities and Exchange Commission (SEC). Despite the initial optimism in the market, some analysts believe that the valuation of Trump Media at around $14 billion is excessive, especially considering the accumulated losses by the company and the decrease in users on its main product, Truth Social. Furthermore, this venture into the world of social media is also seen as a political move by Trump and his company, who have expressed discontent with what they perceive as censorship on major social platforms. Davin Nunes, the director of Trump Media, has highlighted this aspect in the filed documents, suggesting that Truth Social aims to position itself as an alternative to the alleged limitations of established networks. In conclusion, the stock market debut of Truth Social has been striking and has generated great interest on Wall Street, but uncertainties regarding Trump's legal challenges and critical assessments of the company could influence its future trajectory.