The New York Post quoted Thompson Coburn partner David Kaufman in its coverage of the debut of Truth Social’s parent company in public trading.
The Post reported that while the Donald Trump-tied media company sparked very active trading in its public debut Tuesday, it bears hallmarks of other well-known “meme stocks” that have been impacted by large online followings. In the article, Kaufman noted that the company’s debut was “untethered from fundamentals” typically seen in trading.
“There probably are a number of people who view this as a way to support Trump,” added Kaufman, who is a co-chair of the firm’s Corporate Finance & Securities practice.
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