Truth Social going public net Trump estimated 2 to 4 BILLION

[Mike M (the other one)]

(04-01-2024, 04:26 PM)pally Wrote: did I not specifically ask for financial experts to explain why this company is worth so much with horrific financials?  YOU were the one posting about how much money Trump could make not me.  


This company is broke (so much for the Midas Touch) with declining revenues.  How can it be legitimately worth that much?  Seriously I want to understand

I'm no expert by any means, but don't judge a stock by one quarter. You have to use the Full Fiscal Year. 
Many stocks report a negative for a quarter. Various reasons, expanding to prepare for expected future growth, building up stock for xmas season etc. 

You'd have to actually have someone look at the reported numbers for Q4 to have an idea why the lost money.

but 58m vs the B's they are worth isn't alot. 

It's a newer stock now and really hasn't normalized.