Trump Media plummets 10% as post-lockup selloff picks up steam
Trump Media plummets 10% as post-lockup selloff picks up steam
www.cnbc.com Trump Media plummets 10% as post-lockup selloff picks up steam
Donald Trump is the majority owner of Trump Media, which owns social media platform Truth Social and trades as DJT on the Nasdaq.
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Sounds overpriced.
Book value per share is around $1.50. However, they don't make any profit so the actual value of the company is considerably less. In my opinion, not financial advice.
It's lower than when it launched, but is still overvalued by at least 1200%.
47 comments