> But it still implies Trump Media has a value of more than $5bn, which is a lot given it brought in just $3.3m in revenue in the first nine months of last year and lost nearly $50m.
I am just a rube but it seems a bit perplexing for a company to be valued at $5 billion with revenues of $3.3 million and expenses of over $50 million. If Trump can continue to rob gullible conservatives blind, I support that completely though.
(Edited 21 seconds later.)
@previous (Fake anon !ZkUt8arUCU)
That how all "tech" works. It's makes little money, often makes huge losses but is worth billions. Keep up.
@1,289,460 (Fake anon !ZkUt8arUCU)
He'd be far from the first to cash out on a worthless IPO. At least the scale of the con is smaller than e.g. WeWork or something.
@1,289,461 (Erik !saAqdaazn2)
I have many friends who work in tech so I'm familiar with it. It's just always strange to read about it because I generally deal with places that try to end every year positive or at most slightly negative and then there's just this entire other kind of "business" where the goal is to burn as much investor money as possible before going bankrupt. And somehow people keep falling for it? Baffling.
@previous (Meta !Sober//iZs)
Yeah WeWork at least owned a lot of propery though. This is just like...a twitter clone with 1/1000th of the user base being valued at 10% of twitters valuation. I hope everyone involved loses everything.
(Edited 22 seconds later.)