Trump Media valuation is insane

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 77%

Ireland Headlines News

Ireland Latest News,Ireland Headlines

Ex-president’s business looks a lot like a meme stock: wildly inflated and destined for collapse

At one point, the Trump Media was valued at over $10 billion after going public on Tuesday. Photograph: Michael M. Santiago/Getty ImagesAs well he might. At one point, the company was valued at over $10 billion after going public on Tuesday.Truth Social has never taken off as a social network, and the loss-making company brought in revenues of less than $3.5 million in the first nine months of 2023.

Our weekly personal finance newsletter will give you the insight you need to save money and make smart spending decisions

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump unlocks potential $3bn windfall after social media Spac dealCompany behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
Source: IrishTimes - 🏆 3. / 98 Read more »

Former President Trump Goes on Social Media Rant as Courtroom Showdowns LoomFormer president Donald Trump takes to social media as two courtroom showdowns approach, including one to prevent his properties from being seized. He faces a key day in the battle to keep his multi-million-dollar empire and the jury selection for the Stormy Daniels hush-money trial. Authorities could seize properties following Trump's New York civil trial.
Source: IrishMirror - 🏆 4. / 98 Read more »

Trump Compares Himself to Jesus Christ in Bizarre Social Media PostDonald Trump compares himself to Jesus Christ in a social media post, while attending a hearing for his 'hush money' case. A New York appeals court agrees to delay collection of Trump's civil fraud judgment if he puts up $175 million within 10 days.
Source: IrishMirror - 🏆 4. / 98 Read more »

Trump social media firm jumps 58% in first day of trading as public companyFormer US president’s stake valued at about $6.2bn
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Donald Trump has $4.6bn stake in social media group after market debutShares of company behind former president’s Truth Social platform rise 16% in first day of trading
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Trump's media firm valued at $8 billion in Wall St debutShares of Donald Trump's Trump Media & Technology Group surged as much as 59% yesterday in their Nasdaq debut, lifted by the former US president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.
Source: RTEbusiness - 🏆 16. / 61 Read more »