PINS - Trump Media & Technology Group: Shares Are Nearly Worthless
2024-06-28 11:56:35 ET
Summary
- Trump Media & Technology Group has weak revenue and deteriorating bottom line results, with little transparency for shareholders to assess.
- Recent data shows declining revenue and net losses, with management admitting to inflating revenue for IPO purposes.
- The valuation of the company shows that it is overpriced compared to daily active user metrics, suggesting potential downside of over 90%.
I don't think anybody would disagree with me when I say that one of the most interesting and controversial stocks on the market right now is Trump Media & Technology Group ( DJT ). Even if we ignore all of the political aspects of the company and focus solely on fundamentals and valuation, I think this statement would still be correct. This controversy centers around the fact that we are looking at a company with a market capitalization of around $7 billion. And yet, the company has almost nothing fundamentally to show for it....
Trump Media & Technology Group: Shares Are Nearly Worthless