Trump's company is valued ‘absurdly out of the realm of normal,' LinkedIn billionaire says [CNN]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: CNN
New York CNN — Trump's conservative social media company, Truth Social owner Trump Media & Technology Group, is valued by Wall Street at a whopping $6 billion — even after a recent plunge in its share price. “That is wildly high,” Hoffman, who is now a director at Microsoft and a venture capital investor, told CNN. “The Truth Social numbers are so absurdly out of the realm of normal business.” Shares of Trump Media ( DJT ) spiked more than 20% on Monday, its second-best day since it started trading on the Nasdaq in late March Unlike social media site LinkedIn, which reached a deal to be sold to Microsoft in 2016 for $26 billion , Trump Media generates little revenue and remains a tiny player in the industry Truth Social's user count is dwarfed by Reddit, Elon Musk's X (formerly Twitter) and even Instagram's Threads. In 2023, Trump Media brought in just $4.1 million in revenue. That means Wall Street is assigning an astronomical price-to-sales ratio of more than 1,400 ba
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DJT
News
- Trump Media & Technology Group (DJT) Stock: Speculation-Driven Valuation Make it a Sell [Yahoo! Finance]Yahoo! Finance
- Trump's Business Partners Are Dumping Their Stock as Fast as They Can [Yahoo! Finance]Yahoo! Finance
- Ex-'Apprentice' Contestants Dump Nearly All Of Their Shares In Trump Media [Yahoo! Finance]Yahoo! Finance
- Trump Media co-founder and former ‘Apprentice' contestant dumps about $100 million worth of stock [Yahoo! Finance]Yahoo! Finance
- Andy Litinsky and Wes Moss Have Unloaded Their Trump Media Stock [The New York Times]The New York Times
DJT
Sec Filings
- 9/26/24 - Form SC
- 9/25/24 - Form 4
- 9/6/24 - Form EFFECT
- DJT's page on the SEC website