AkaSci 🛰️ on Nostr: From ...
From https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares/index.html
"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the 3rd quarter with a loss of $26 mil.
And yet Trump Media is being valued north of $6 billion on a fully diluted basis, ..."
“The stock price is clearly a bubble,” Yale law professor Jonathan Macey told CNN. “No rational investor would take the stock at face value, especially if they had to hold it for any length of time.”
So, who is buying DWAC stock?
"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the 3rd quarter with a loss of $26 mil.
And yet Trump Media is being valued north of $6 billion on a fully diluted basis, ..."
“The stock price is clearly a bubble,” Yale law professor Jonathan Macey told CNN. “No rational investor would take the stock at face value, especially if they had to hold it for any length of time.”
So, who is buying DWAC stock?