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Politics : Formerly About Advanced Micro Devices

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To: rdkflorida2 who wrote (1448926)	3/26/2024 12:20:36 PM
From: Qone0	1 Recommendation Recommended By rdkflorida2 Read Replies (4) of 1570341

People in the cult buying this are going to get burned. There is nothing there. It's like GME 2.0. I hope they have stop losses in, because they are going to need them. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span. “At these levels, it appears untethered to its underlying business results,” said Matthew Kennedy, senior IPO strategist at Renaissance Capital. “Eventually, valuations tend to fall back on fundamentals. That means this stock is definitely at risk of plummeting back down to earth.” Truth Social had just 494,000 monthly active US users on iOS and Android combined in February, according to Similarweb stats provided to CNN. That’s a small fraction of the 75 million on X (formerly known as Twitter) and 142 million on Facebook. Not only that, but Truth Social is shrinking. Its monthly active users plunged 51% year over year in February, Similarweb stats show. The number of unique visitors to Truth Social’s website was 648,000, down 20% year over year.

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