Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'

"They had sales of $837,000 last quarter and a net loss of $16.4 million. The numbers don't jive," Jay Woods said.

By: Business Insider

Sep 30 2024
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Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.' — Trump Media stock is down 70%

Shares of Trump Media have plunged 70% since the company went public in March. Even after that sell-off, it's carrying a market value of roughly $3 billion, a figure one expert says is still too high… [+1739 chars]

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Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'

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Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'

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