Flying Squid@lemmy.world to News@lemmy.world · 2 months agoTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comexternal-linkmessage-square78fedilinkarrow-up1602arrow-down18file-text
arrow-up1594arrow-down1external-linkTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comFlying Squid@lemmy.world to News@lemmy.world · 2 months agomessage-square78fedilinkfile-text
Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down1·2 months agoThe P/E on DWAC was so comically high. This was a company with a $7B valuation after earning, like, $3000 in a year. They were selling shares in a circa 2022 Mastadon instance that had never been upgraded. It was pure pump.
minus-squareKillingTimeItself@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·2 months agodont forget about the revenue income, they pulled in what like, a few (ten/hundred?) million of revenue in a year?
The P/E on DWAC was so comically high. This was a company with a $7B valuation after earning, like, $3000 in a year. They were selling shares in a circa 2022 Mastadon instance that had never been upgraded. It was pure pump.
dont forget about the revenue income, they pulled in what like, a few (ten/hundred?) million of revenue in a year?