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#Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic (mastodon.social)

submitted 7 months ago by [email protected] to c/[email protected]

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#Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

“Despite the late-day slide, Wall Street is still assigning Trump Media an eye-popping valuation of nearly $11 billion — a price tag that experts warn is untethered to reality.”
https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social?cid=ios_app

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[–] [email protected] 0 points 7 months ago (1 children)

@GottaLaff Easy way for donors to juice the stock and provide money to him indirectly. He’ll try to sell his shares early to take advantage of the current highs.

[–] [email protected] 1 points 7 months ago

@[email protected] @[email protected] He's not allowed to sell his shares for six months. That's what makes this so funny: his fans are ensuring that this bubble will pop with Trump still trapped inside. He'll lose a billion dollars, and he knows it.