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Bernardo de La Paz

(51,252 posts)

7. Valuation about $10 billion, which is same as Forbes valuation of X/Twitter

Tue Oct 29, 2024, 02:52 PM

Oct 29

Of course, the only value DJT stock has is the tRump brand. It will collapse.

https://www.marketwatch.com/articles/djt-stock-price-halt-trump-media-truth-social-67f26b30?mod=mw_quote_news

Trump Media’s $9.5 billion market value as of Monday’s close puts it in the same ballpark as X, the social media site formerly known as Twitter that Elon Musk took private. Although X is no longer publicly traded, investment group Fidelity still has a stake in the firm. It published the values of its holding regularly, with the latest estimates putting X’s worth at just under $10 billion, according to Forbes magazine.

That’s especially remarkable given DJT’s earnings—it reported a $16 million loss in the second quarter on less than $1 million in revenue. Twitter, before Musk bought it for $44 billion in October 2022, was pulling in more than $1 billion in revenue each quarter.

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Highlight:

DJT stock extends surge in volatile trading as Trump, Harris election nears [View all] AZLD4Candidate Oct 29 OP

Meanwhile the SEC looks on and sees moniss Oct 29 #1

Political Contributions FredGarvin Oct 29 #5

They aren't too swift at the SEC mdbl Oct 29 #15

Whoever is buying this stock is going to be left holding the biggest bag Ray Bruns Oct 29 #2

Offshore accounts registered to Delaware companies most likely FredGarvin Oct 29 #4

Left holding, or just donating? n/t BadgerKid Oct 29 #6

DJT is up 440% in a month FredGarvin Oct 29 #3

Valuation about $10 billion, which is same as Forbes valuation of X/Twitter Bernardo de La Paz Oct 29 #7

The company has lost around $60 billion in 2 years, I believe. louis-t Oct 29 #9

Trump Media has lost less than half a billion in two years. You are thinking of X/Twitter Bernardo de La Paz Oct 29 #11

Had my number wrong, but louis-t Oct 29 #13

I have a feeling that those who know better are going to be buying short Monday. Javaman Oct 29 #8

It's "buy long", "sell short" . Otherwise, I agree with you about idiots and morons Bernardo de La Paz Oct 29 #12

I read somewhere trading was halted 4catsmom Oct 29 #10

I guess that mean my offer to buy 10 shares at a dime a share will have to wait another week. Wonder Why Oct 29 #14