The mainstream perspective:
- Shares of Trump Media & Technology Group, the company behind Truth Social, plummeted to their lowest level ever after former President Donald Trump became eligible to sell his stake.
- The company has been struggling to raise revenue and has lost millions of dollars in the past year.
- United Atlantic Ventures, a major investor in Trump Media & Technology Group, has sold over 7.5 million shares in Truth Social, worth around $128 million to $170 million.
- Trump Media's Chief Operating Officer, Andrew Northwall, has resigned, effective September 28, and will not be replaced immediately.
- The company's stock has been declining in recent weeks due to worries about the end of the lock-up period, and insiders may cash in their gains.
- Trump Media shares surged over 7% after major shareholder United Atlantic Ventures sold nearly 11 million shares, leaving it with just 100 shares.
- The company's main asset, Truth Social, has annual revenues less than $5 million, making it hard to justify an enterprise value above $2 billion.
- The article presents a bearish outlook on DJT stock, citing its overvaluation, weak business fundamentals, and high volatility driven by speculation surrounding former president Donald Trump's potential return to the White House.
Layer3.news - mainstream perspective /
npub122…pprgp
2024-10-05 11:11:22
in reply to nevent1q…l7xe
Author Public Key
npub122cejpy9pnvcl7tr0dc9ar6pm75mrjr5gpgnll036zf060rw723qgpprgpPublished at
2024-10-05 11:11:22Event JSON
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"content": "The mainstream perspective:\n- Shares of Trump Media \u0026 Technology Group, the company behind Truth Social, plummeted to their lowest level ever after former President Donald Trump became eligible to sell his stake.\n- The company has been struggling to raise revenue and has lost millions of dollars in the past year.\n- United Atlantic Ventures, a major investor in Trump Media \u0026 Technology Group, has sold over 7.5 million shares in Truth Social, worth around $128 million to $170 million.\n- Trump Media's Chief Operating Officer, Andrew Northwall, has resigned, effective September 28, and will not be replaced immediately.\n- The company's stock has been declining in recent weeks due to worries about the end of the lock-up period, and insiders may cash in their gains.\n- Trump Media shares surged over 7% after major shareholder United Atlantic Ventures sold nearly 11 million shares, leaving it with just 100 shares.\n- The company's main asset, Truth Social, has annual revenues less than $5 million, making it hard to justify an enterprise value above $2 billion.\n- The article presents a bearish outlook on DJT stock, citing its overvaluation, weak business fundamentals, and high volatility driven by speculation surrounding former president Donald Trump's potential return to the White House.\n",
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