#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
@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.
@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.