452
Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges
(www.thedailybeast.com)
this post was submitted on 01 Apr 2024
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But is it, though? 🥴
I imagine that refers to market cap
its market cap is entirely fraudulent.. not only did the company lose money last year, it only brought in $4 million in revenues.. this wild IPO valuation is indicative of fraud of some kind.. probably plain old money laundering..
Yep. Not that Reddit is worth as much as it opened for, but it's worth more than Truth Social for sure, but somehow they opened to a higher value at about the same time. There's no reasonable way that happened legitimately.
It wasn't an IPO - it's doubtful they would have fulfilled the regulatory requirements for an IPO.
DJT is a SPAC.
https://en.wikipedia.org/wiki/Special-purpose_acquisition_company
Yes, yes and yes.
A market cap can’t really be “fraudulent”. Stock valuation has traditional methods, but meme stocks have blown the lid off of that in many circumstances. It’s still worth that much because people are willing to pay that price.
My impression is that you have no clue what you’re talking about. Be real, are you talking out of your ass here?
feel free to tell us what it's worth, and put your money on it
It's worth what people are willing to pay for it. We know how much a share is trading for, and we know how many shares are in circulation, therefore the company is worth X.
Most people don't think it's worth that, but most people aren't buying stock.
I’m not the one making accusations of fraud.
it's just my opinion.. maybe you're already losing your ass on it..