LinkedIn's cofounder slams Trump social network Truth Social's ‘absurd' $6 billion valuation [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
Since the company behind Truth Social went public, its stock price has oscillated wildly—as high as $66 per share and as low as $22—sending the former president's wealth surging and crashing along with it. But according to LinkedIn cofounder Reid Hoffman, those fluctuations are minor compared to the massive gap between Wall Street's valuation of Trump Media and the true value of the company. “The Truth Social numbers are so absurdly out of the realm of normal business,” Hoffman told CNN , referring to TMTG's market value, which currently sits around $6 billion. “That is wildly high,” he said. TMTG went public in March at a stunning market value of $6.8 billion, despite earning just $4.1 million in revenue in 2023. (By comparison, when LinkedIn was acquired by Microsoft in 2016 , it was valued at $26.2 billion, roughly eight times its $3 billion revenue. Meta, which is valued at around $1.3 trillion, posted more than $130 billion in revenues last year.) Hoffman, who is now a di
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DJT
News
- Trump Media stock price down more than 10% after days-long rebound in continued volatility [USA TODAY]USA TODAY
- CNN Business Videos [CNN]CNN
- Trump Media stock rises after debate [Yahoo! Finance]Yahoo! Finance
- Trump Media Stock Price Jumps After Ex-President's Debate Victory Over Biden [Yahoo! Finance]Yahoo! Finance
- Trump Media shares climb after Biden's shaky debate showing [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
DJT
Sec Filings
- 6/24/24 - Form 8-K
- 6/20/24 - Form 8-K
- 6/20/24 - Form EFFECT
- DJT's page on the SEC website