Sounds like an amazing business. Buy now!
Trump Media booked $3.7 million in revenue in the first nine months of 2023 and "expects to incur significant losses into the foreseeable future," according to a regulatory filing. Unless it can rapidly boost its revenue or turn a profit, it could have difficulty maintaining its lofty valuation, experts said.
"Given the fact that their sales last year were less than $5 million, and they're losing significant money, it is hard to believe that the long-term economic value of this company could even be as high as $100 million," Kraemer said. "So talking about billions is absolutely ridiculous from an economic standpoint." [Post edited by WahooMatt05 at 03/22/2024 1:25PM]
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In response to this post by Los Angeles Hoo)
Posted: 03/22/2024 at 1:21PM