Interesting how nonsensically high valuations can persist for tech companies for years. $TTD
Shares of the Sarasota, Florida-based firm began trading on the Nasdaq under the ticker symbol DJT in March following its merger with Digital World Acquisition Corp. https://t.co/PBQk3YzX3f
Why isn't @JohnnyTabacco pumping $DJT today, even his $25 million FinTech company $INVU has revenue 25x higher


Trump's social media platform, DJT, is facing significant financial challenges despite recent stock gains. The company reported annual revenues of just $3 million, falling far short of its internal projections of $17.5 million for 2024, achieving only 6% of its target. Additionally, DJT incurred a $100 million loss from operations and a $65 million hit in SG&A expenses. Despite these setbacks, the stock price has risen in pre-market trading, driven by surprising revenue strength. DJT's market cap stands at $6 billion, trading at an 8,000 price-to-sales ratio, with approximately 500,000 active users. The company also revealed an inquiry from FINRA. DJT began trading on the Nasdaq in March following its merger with Digital World Acquisition Corp.