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DeepNewz, mobile.
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Donald Trump's media company, Truth Social, has a market valuation above $13 billion despite having $4.6 million in revenue, $9 million in cash, and a negative EBITDA of $14.5 million. The company's stock success is driven by small investors and meme stock rally, with Reddit CEO selling shares. Trump's net worth has surged due to the stock's rise, making him richer than George Soros.
Trump’s DJT Stock Boosts His Net Worth by Billions—and Raises Big Questions Ahead of the Election https://t.co/g6hR3eLUOS
$DJT | Is Donald Trump's Media Company Worth More Than Elon Musk's X? Trump Media & Technology Group is now a public company with a large market capitalization. Elon Musk bought Twitter, now known as X, for $44 billion in 2022, but it is now valued significantly lower by… https://t.co/wREAs8fAq9
FT: “.. the valuation of his social media company is ludicrous .. His salvation is that so many Trump fans do not think like that.” @ftopinion @johngapper $DJT https://t.co/nEc0ZjOBWO https://t.co/gzVm9Z0o6V