How is Trump's Phony Media Company "Worth" $7 Billion?

Why on earth is Wall Street valuing Donald Trump’s little social network at $7 billion despite having few users, scant revenue and tremendous losses? This week on “How We Got Here,” Max and Erin take stock of how wonky and meme-ified investment markets have become, what this means Trump’s legal bills, and why “DJT” shares would never be this high if not for Netscape and GameStop.

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If you’re looking for hype, fake outrage, and groupthink, kindly keep moving. Our mission at What a Day is simple: to be your guide to what truly matters each morning (and the fun stuff you might have missed) in just 20 minutes. Host Jane Coaston brings you in-depth reporting and substantive analysis on the big stories shaping today and the creeping trends shaping tomorrow—and when she doesn’t know the answers, she asks someone even smarter to fill us all in. Radical, right? New episodes at 5:00 a.m. EST, Monday–Friday in your favorite podcast app and on YouTube. Being informed was never this easy.