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While elon clearly overpaid for X, unsure why Fidelity opinion on valuation matters. https://t.co/0sedoIyySi
Fidelity cut the value of their holdings in Twitter/X by another 5.7%, marking it down to ~$12B. I would be a buyer at that price! Unfortunately the fund that Fidelity has X in ($FBGRX) has $53B in assets and only $5.3M of it is in X. https://t.co/hHeCqxke1g
Trump Media trades at a valuation of 2,500x sales Its social media comps trade at 4x to 12x sales If it were to trade in line with its peer group, $DJT share price would decline -99.7% from current levels https://t.co/DKJWEaQZVs
Former President Donald Trump's social-media company, Truth Social, has seen a windfall of nearly $4.9 billion from a Wall Street deal, but the stock is considered overvalued. Trading at 1860.3x earnings, it faces skepticism from analysts and comparisons to other social media companies like Reddit, Meta, and Pinterest. Despite a high valuation and limited shares available for trading, concerns remain about the stock's sustainability and potential decline in value.