Trending Politics: In a striking debut on NASDAQ, Donald Trump’s media enterprise, the proprietor of Truth Social, closed its first trading day with a valuation soaring to $8 billion. The remarkable market capitalization eclipsed long-established media giants such as The New York Times.
Initially peaking at $10 billion amidst frenetic trading, the company’s valuation has settled at a still-impressive figure, despite generating only $3 million in revenue for the first nine months of the previous year. The New York Times is only valued at around $7 billion according to the Daily Mail.
The financial phenomenon places Trump’s media firm’s share price at an astonishing 2,000x its revenue, drawing attention from investors as well as critics of the former president. Some have argued the company’s skyrocketing value is less about its financial fundamentals and more about investment in Trump’s brand and potential political future. more
That should ruffle some feathers.
Glad the monetary value is in Trump’s favor.
But technically, ANYTHING is worth more than the Olde Gray Lady of Bathroom Tissue.
https://youtu.be/kdOPBP9vuZA?si=Y01fOhJD-xRc7V8a
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I don’t partake in social media but I’m willing to bet it’s a better read than the New York Times too.
NOW THAT’S CALLED KARMA
Didn’t notice the critics bad mouthing tech cos when they were trading at 2000X and more earnings and usually in the red.
It’s always about future earnings or why even invest?
Pinch Sulzberger ran the Times into the ground.
The only difference between the NYT & Charmin is that Charmin doesn’t chap my a**.
The NY Times’ only value is its print version’s use at the bottom of a bird cage.
The dessicated french fry I found under the driver’s seat when I was vacuuming earlier is worth more than the NYT.
…and bitch Jon Stewart is no doubt in high dudgeon about it. Better assemble your writers to compose a scathing condemnation, Jon. The jerk world awaits your righteous judgement.
But still just like it’s number 1 stock holder, overvalued, overstated & overrated. The only ones who give 2 shits bout this are his “hillfolk” followers. Pickin der nose & drinkin moonshine & passin round that sacrilegious bible that even Tammy Faye & Jim Baker cry is foul.