Truth social is (not) going to the moon.

Any retail investor not playing the swings here is going to be left holding nothing when the insiders sell their holdings in the coming months.

52 week low was pre-acquisition of Truth Social- it is a SPAC so it acquired Truth Social.

Since it actually acquired Truth Social it is way down. It was trading near 80 on the first day.

I assume MAGA people and insiders are keeping it afloat for now. A lot of the shares are locked up for now by insiders, so it is difficult to short the stock.