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The Owner of “Woke-Free” Online Marketplace PublicSquare’s Value Skyrockets with Donald Trump Jr.’s Board Appointment
Michael Seifert, founder and CEO of PublicSquare’s parent company, PSQ Holdings, confirmed Tuesday afternoon that Donald Trump Jr. has joined the board of directors. Trump Jr. had previously invested in PublicSquare before its IPO and has never sold his shares, believing in the company’s potential.
PublicSquare describes itself as “America’s woke-free marketplace,” a platform that connects shoppers with “valued-aligned businesses that refuse to succumb to the progressive ideology overtaking corporate America.” The company has experienced explosive growth since launching in 2022, with revenue increasing from $500,000 in 2022 to $6.5 million last quarter alone.
The board of PSQ Holdings includes other prominent Republicans, including former chief of staff to Vice President Mike Pence, Nick Ayers, and former US Senator Kelly Loeffler.
Trump Jr.’s arrival on the board led to a 90% surge in PSQ Holdings’ value by midday Tuesday, and the company’s market value skyrocketed from $72 million on Monday to about $265 million by Tuesday’s closing bell.
Investors believe Trump Jr.’s insider knowledge and connections could provide an advantage for the company. Steve Sosnick, chief strategist at Interactive Brokers, noted that having Trump Jr. on the board could lead to greater exposure and access to government contracts.
This is not the first time a company has seen a surge in value after Trump Jr.’s involvement. Shares of drone maker Unusual Machines skyrocketed 85% after he joined its advisory board last week.
PublicSquare’s growth is driven by its focus on connecting customers and businesses that value life, family, and freedom. The company offers a range of services, including a “cancel-proof” fintech and wholly-owned brands. With Trump Jr.’s board appointment, the company’s growth is expected to accelerate even further.
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