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re: Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People
Posted on 3/25/24 at 5:32 pm to Bjorn Cyborg
Posted on 3/25/24 at 5:32 pm to Bjorn Cyborg
It's fitting that Truth Social becomes maybe the most absurdly overvalued meme stock in history.
This post was edited on 3/25/24 at 5:34 pm
2
Posted on 3/25/24 at 5:36 pm to Diseasefreeforall
I sure as hell wouldn't buy it. I think the chances of the company going out of business is close to 100 percent.
But I also think Trump will end up making several hundred million off of it before it fails, perhaps more.
But I also think Trump will end up making several hundred million off of it before it fails, perhaps more.
Posted on 3/25/24 at 5:39 pm to Diseasefreeforall
I edited my post above because I thought my calculation was wrong and there's no way this thing effectively has a market cap of $11 billion but it's true.
Truth Social brings in less than $10 million per year, burns $200 million and is worth $11 billion. A lot of folks are eventually gonna get wrecked on this one.
Either this thing will collapse in the 6 months until he can sell his shares or he's gonna make billions dumping on some diehard greater fool supporters.
Truth Social brings in less than $10 million per year, burns $200 million and is worth $11 billion. A lot of folks are eventually gonna get wrecked on this one.
Either this thing will collapse in the 6 months until he can sell his shares or he's gonna make billions dumping on some diehard greater fool supporters.
This post was edited on 3/25/24 at 5:42 pm
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