(April 1, 2024 at 8:43 pm)BrianSoddingBoru4 Wrote: Trump has already lost $1billion on the Truth Social merger. Most analysts are saying this indicates that its parent company Trump Media is not a viable business concern.
Boru
Indeed...
Next to no revenue...check.
Losing tens of millions per year...check.
Growth investors might not care about those two factors per se...but there is no real growth potential here.
The company I work for has a market capitalization similar to TS's parent, or at least did at the opening bell before it dropped like a rock. The company I worked for booked billions in revenue and hundreds of millions in profits year after year, and we're a growth company.
DLJ is a pump and dump scheme. It's bagholders all the way down.
