RE:RE:NYC and the KangaroosKozmoT wrote: Wow, at say $60 billion this becomes a $8 billion market cap. Last "earnings" showed a $58 million loss on revenue of $5 million (not a typo). Say revenue doubles to $10M ... can you explain how that translates to an $8 billion market cap?
We'll wait while you do the math.
DWAC shareholders brought $300 million into the"merger", Trump's "Truth" Social brought a money-losing operation.
So far, it appears that $100 million of DWAC's money has already "disappeared".
It won't be long before all of the money is gone.
So what will a money-losing stock with no money be worth then?