Wednesday, June 26, 2024

Trump’s Truth Social stock is valued ‘absurdly out of the realm of normal,’ LinkedIn billionaire says | CNN Business

"Trump Media is probably more appropriately valued close to $40 million rather than several billion," Hoffman said. "Truth Social is burning through hundreds of millions of dollars with nothing to show for it in user engagement, user growth or even potential revenue."… 

Billionaire media mogul Barry Diller, who sits on the boards of Expedia, Coca-Cola and MGM Resorts International, told CNBC that Trump Media is a "scam" and people buying its shares are "dopes."…

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