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

submitted 5 months ago by GottaLaff@mastodon.social to c/random@fedia.io

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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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[–] mastodonmigration@mastodon.online 1 points 5 months ago

@PJ_Evans@mastodon.social @GottaLaff@mastodon.social

Pretty interesting conversation actually. There is no value at all, no cash, no income, no IP, in the company, so the price is a complete fiction (float?), and supported only by a very small amount of buys. Almost all the stock is locked up (non-tradable) so it is a true pump and dump play among speculators, with the added wildcard of the MAGA suckers (marks, rubes).