Unprecedented loss of value but just wait until #Trump Media hits its fundamental price of like $4 per share.
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Unprecedented loss of value but just wait until #Trump Media hits its fundamental price of like $4 per share.
https://www.washingtonpost.com/technology/2024/09/01/musk-twitter-investors-underwater/
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@JoshuaHolland @mastodonmigration I’m sorry to quibble, but there is no (positive) fundamental price. The company has no value; it is an engine for bilking suckers and funneling cash to Trump and cronies. If anyone buys at $4, they, too, will lose everything.
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Mastodon Migrationreplied to James Gleick last edited by
Had this thought too. At $4 per share price would value the company at $800M. On what planet is a company bleeding money with effectively zero revenue worth anything close to that price. DJT is a worthless meme stock which exists purely to scam money from Trump's rubes. The correct value for the stock is $0.00, and anyone who holds and trades large blocks of it should be subject to legal consequences.