bearish
Is Trump’s Social Media Platform Really Worth $12.8 Billion?
SUMMARY
- Opinion about Trump Media and Technology Group (TMTG) is as polarising as Trump himself, and widely vary based on political affiliation.
- The platform could see a potential user base of around 35-50 million (for reference, 70 million voted for Trump in the 2020 election)
- Even if the company manages to hit its user & revenue targets, the stock seems to be trading at a lofty valuation to consider at the moment.
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