Random stuff

1 readers

2 users here now

founded 1 year ago

MODERATORS

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

submitted 6 months ago by GottaLaff@mastodon.social to c/random@fedia.io

8 comments fedilink hide all child comments

#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

you are viewing a single comment's thread
view the rest of the comments

[–] randmbits@mstdn.social 0 points 6 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.

[–] msbellows@c.im 1 points 6 months ago

@randmbits@mstdn.social @GottaLaff@mastodon.social 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.