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Donald Trump's Truth Social, under Trump Media & Technology Group, saw its stock soar, giving it a market cap exceeding $9 billion despite low revenue. Experts question the valuation, calling it a meme stock with small user base and financial challenges. Trump's net worth surged, surpassing 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