«For one thing, TMTG, which owns the conservative Twitter copycat Truth Social, makes basically nothing. Its total revenue was $3.4 million in the first nine months of 2023. Extrapolate that out, and the stock is probably trading at something like 2,000 times the company’s annual revenue. That is, um, high. Apple, for example, trades at about seven times its total revenue. And given TMTG’s paltry revenue, it actually lost $49 million in the same period.»

https://www.businessinsider.com/trump-media-stock-price-crash-spac-djt-truth-social-2024-4

“Um.” 🙂