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« The West's most backward geopolitics in its history | Main | How to cover Trump's madness? Vigorously. It won't work, but that's OK. »

April 17, 2024

Comments

VoiceOfReason

I've seen evaluations by normal brokers, who have estimated the stock's true value based on a pretty generous formula of five times the company's annual revenue, divided by the number of shares. And it comes out to about twelve cents per share. Mind you, that was before the announcement that more shares would be sold. So figure something less than a dime per share.

Anne J

Loved this!

PM

VoR — I thought the site's annual revenue was something like minus-$44 million. Wouldn't the stock be $0?

VoiceOfReason

While the parent company of Truth Social lost about $58 million last year, Truth Social managed to make about $4 million, according to The Hill: https://thehill.com/business/4567511-truth-social-parent-company-lost-58-million-in-2023/

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