Similar Stories to Trump Media Stock Is Down 70% Since Going Public. One Expert Says Its $3 Billion Valuation Is Still 'unjustifiable.' on Bing News

mfox@businessinsider.com (Matthew Fox), Business Insider
Sun, 09/29/2024 - 5:06am

STEFANI REYNOLDS/AFP via Getty ImagesTrump Media shares have plunged 70% since going public in March.The company is still carrying a market value of roughly $3 billion."The numbers don't jive," a chief global strategist said.Shares of Trump Media have plunged 70% since the company went public in March. Even after that sell-off, it's carrying a market value of roughly $3 billion, a figure one expert says is still too high."According to Bloomberg data they had sales of $837,000 last quarter and a net loss of $16.4 million.

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Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'
"They had sales of $837,000 last quarter and a net loss of $16.4 million. The numbers don't jive," Jay Woods said.
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Similar Stories to Trump Media Stock Is Down 70% Since Going Public. One Expert Says Its $3 Billion Valuation Is Still 'unjustifiable.' on Bing News

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