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TechCrunch Minute: Why the company behind Trump’s Truth Social joined the growing IPO trend
As Donald Trump tries to pay his legal bills, the company behind Truth Social, of which he owns a majority, has hit the public markets.
The Reddit and Astera Labs IPOs last week ate up a lot of media oxygen. But there was another offering last week that has a tech-angle to it: Trump Media and Technology Group, which is the company behind Truth Social. It has an uphill journey ahead of it financially, but the fact that we saw two big debuts last week and one other public-market transaction means that the IPO window is back, right?
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