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Bullboard - Stock Discussion Forum Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal... see more

NDAQ:DJT - Post Discussion

Trump Media & Technology Group Corp > How does a company with $1M revenue, 12m rev $4M trade @
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Post by Tradinghands on Nov 07, 2024 2:39pm

How does a company with $1M revenue, 12m rev $4M trade @

This company has 200,000,000 shares outstanding and with this quarter revenue at $1Mil and 12 month revenue at $4Mil trading at these prices is insane? should be trading at $0.01 and the math supports that penny. This stock is inflated like Trumps ego!
Comment by BlackBear22 on Nov 07, 2024 2:53pm
I admit the company is in a highly competitive space with little chance of success, but they do have $633 mil in cash and investments. So you are looking at about $3 per share.  I have zero faith that management has any idea what to with the cash except to somehow keep the company alive long enough that major shareholders profit. Remember in the beginning when they recommended that ...more