MyPillow CEO Mike Lindell has taken his social media company public. That might be a bad idea

The right-wing social media ecosystem is experiencing growth, attracting conservative voters, but the long-term success of these investments remains uncertain due to risks associated with OTC markets.

FrankSpeech, founded by MyPillow CEO Mike Lindell after being banned from Twitter, has merged with InCapta to become a publicly traded entity, showcasing the increasing commercialization of right-wing platforms.

Lindell's FrankSpeech claims significant engagement with 7.2 million monthly views, yet the verification of such numbers is questionable, highlighting transparency issues in the right-wing social media landscape.

Investors in right-wing social media are entering a challenging market, with stocks like Trump Media down over 57% in six months, raising concerns about the sustainability of such ventures.

Read at Fast Company