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Overvalued
- By several metrics, Truth Social is objectively overvalued hence the initial nearly 80% drop in the company.
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May 14, 2024 · By several metrics, Truth Social is objectively overvalued hence the initial nearly 80% drop in the company. Like many initial public offerings, companies will rise fast as investors flock...
Apr 30, 2024 · After its initial public offering (IPO) in March 2024, Truth Social was valued at nearly $8 billion at market close on the first day of public trading, but the stock value declined by over...
Mar 27, 2024 · Shares of former President Donald Trump’s social media platform Truth Social have soared in its first couple days of public trading. Trump Media & Technology Group, the parent company of Truth Social, climbed 16% on Tuesday, its first day on the market.
Apr 2, 2024 · We already knew there was little to account for TMTG’s near $10bn valuation; it so far has one product, the social media platform Truth Social, whose most prolific poster is Trump and whose user...
4 days ago · The stock has been incredibly volatile day to day. ... He still believes Truth Social is a startup with immense potential even after Trump's conviction. He has an unwavering belief in the former ...
6 days ago · The parent company of the Truth social app has been compared to GameStop and AMC. Like these typical meme stocks, Trump Media is overvalued compared with its peers − other social media companies ...
Apr 1, 2024 · Shares of Trump Media & Technology Group, whose primary asset is the Truth Social platform, tumbled 21% on Monday, closing at $48.66, or below its opening price last Monday of $49.90 per share....
