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Trump Media Group ($DJT) is facing scrutiny regarding its high valuation and trading dynamics. Fidelity has reduced its valuation for Twitter/X, impacting the overall market perception. Concerns arise over the high valuation of $DJT compared to its social media peers, potentially leading to a significant share price decline.
The Trump SPAC is… $djt
Listen to @chamath’s take on $DJT stock at 16:41. If Trump folds in licensing revenue from his name, image, likeness into the $DJT company, it starts to look like an actual business. It would be foolish to short this. 600% annualized cost to borrow. https://t.co/vZBI6PR2Gt
While elon clearly overpaid for X, unsure why Fidelity opinion on valuation matters. https://t.co/0sedoIyySi
