I expect a bunch of overenthusiastic MAGA folks will buy a bunch of shares over the next week and drive up the price, then they'll be shorted by a bunch of hedge funds
Not sure why you are getting downvoted, there's probably a world where that could happen.
That being said, the company is currently valued at 9.3B USD for revenue of 3.4m over 9 months and a loss of 49m. That's an insane 2000x revenue multiple for a company with limited growth and an active user base generously estimated at only 5m.
The upper range of other social media companies is around 10x.
Edit: the reported revenue was for 9 months so I corrected the multiple from 2700x to "only" 2000x
2
Truth Social will start trading on Tuesday. Trump stands to earn a fortune | Spyke
6 replies
deleted
I expect a bunch of overenthusiastic MAGA folks will buy a bunch of shares over the next week and drive up the price, then they'll be shorted by a bunch of hedge funds
That’s my plan! 😅
Oh man just what i needed to buy with my trump golden dollars and nfts. Only it’s not even a thing!
I'm not MAGA but definitely will buy some, if Trump wins those shits will blow up..
Not sure why you are getting downvoted, there's probably a world where that could happen.
That being said, the company is currently valued at 9.3B USD for revenue of 3.4m over 9 months and a loss of 49m. That's an insane 2000x revenue multiple for a company with limited growth and an active user base generously estimated at only 5m.
The upper range of other social media companies is around 10x.
Edit: the reported revenue was for 9 months so I corrected the multiple from 2700x to "only" 2000x