Literally you’re link, which I also listened to this morning:
Now, you have the latest iteration of this, where he’s going back to the public markets, now capitalizing on his political supporters who want to be in business with him and also just on people who like trading meme stocks. Some people like going to the casino. Other people like trading meme stocks and just seeing what’s going to happen.
These are not people who are going to be carefully looking at the financials and figuring out, OK, does this valuation make sense? And do I think that this company is going to be profitable enough to justify my investment? By and large, these are people who just say, hey, I want to be in business with Donald Trump and here’s my opportunity to do so.
And from Forbes article:
“This steadfast user base not only ensures consistent engagement and data generation but also stabilizes the platform’s revenue streams through targeted advertising and potential subscription services,” said Matthews. “Moreover, the direct association with a polarizing figure such as Trump amplifies the platform’s visibility and influence within certain segments of the political and social spectrum, further enhancing its value."
Therefore, the combination of a loyal user base, the potential for targeted advertising, strategic partnerships, and the platform’s role in the broader media and political discourse all contribute to its valuation.
“These factors underscore not only Truth Social’s worth but also illustrate the broader dynamics that underpin the valuation of social media platforms,” Matthews continued, “where user engagement, data monetization and the capacity to influence public discourse are pivotal.”
They both agree that part of this rise is due to his crazy ass base and also they are both “shit opinion pieces” as you put it. I swear to god, lemmy users are just as shit as redditors way too often now and end of the day, he’s did get richer due to this IPO and his shady business dealing with his shit truth social.
The headline is: “Here’s why Truth Social is worth $10 Billion”. I’m going in looking for a reasonable explanation as to why it’s worth ten billion dollars.
This opinion piece essentially says it’s the “unwavering loyalty” of its “steadfast” 9 or 5 million (depending on the article) users. That doesn’t tell me anything about the valuation. Is it the case that any business with millions of users is worth billions of dollars? We know they’ve lost $49 million, what’s their revenue? There’s nothing tangible in this article to explain the $10 billion valuation. It has not answered the question I had going into it. I mean, to put it another way, the best source this piece has is “CampusExplorerdotcom”. This isn’t compelling me to invest in the company.
The other report is more realistic and offers the explanation of the soaring stock price due to it being both a meme stock and an opportunity for people to be “business partners” with Trump. It opens with the objective observation that its valuation does not match with its financials. This at least informs me that the valuation is not based on finances but on excitement. This is a realistic assessment from someone who has been reporting on Trump’s ventures for years.
My initial comment was more in response to the presentation of the article being a legit report by Forbes and calling it out as an opinion. What I’ve learned since my original post is that this is in fact tagged as an opinion piece if you hover of the ( i ) next to Contributor. I’m not so sure opinions should be considered “News”.
Fair enough. Perhaps this is the wrong article to post but I do honestly think that Truth Social, a company mired in shenanigans, which The Daily covers quite nicely btw, rockets up to this absurd valuation is news especially in conjunction with all of the other news about Trump and owing half a billion dollars.
Oh FFS:
Literally you’re link, which I also listened to this morning:
And from Forbes article:
They both agree that part of this rise is due to his crazy ass base and also they are both “shit opinion pieces” as you put it. I swear to god, lemmy users are just as shit as redditors way too often now and end of the day, he’s did get richer due to this IPO and his shady business dealing with his shit truth social.
I fail to see your point.
The headline is: “Here’s why Truth Social is worth $10 Billion”. I’m going in looking for a reasonable explanation as to why it’s worth ten billion dollars.
This opinion piece essentially says it’s the “unwavering loyalty” of its “steadfast” 9 or 5 million (depending on the article) users. That doesn’t tell me anything about the valuation. Is it the case that any business with millions of users is worth billions of dollars? We know they’ve lost $49 million, what’s their revenue? There’s nothing tangible in this article to explain the $10 billion valuation. It has not answered the question I had going into it. I mean, to put it another way, the best source this piece has is “CampusExplorerdotcom”. This isn’t compelling me to invest in the company.
The other report is more realistic and offers the explanation of the soaring stock price due to it being both a meme stock and an opportunity for people to be “business partners” with Trump. It opens with the objective observation that its valuation does not match with its financials. This at least informs me that the valuation is not based on finances but on excitement. This is a realistic assessment from someone who has been reporting on Trump’s ventures for years.
My initial comment was more in response to the presentation of the article being a legit report by Forbes and calling it out as an opinion. What I’ve learned since my original post is that this is in fact tagged as an opinion piece if you hover of the ( i ) next to Contributor. I’m not so sure opinions should be considered “News”.
Fair enough. Perhaps this is the wrong article to post but I do honestly think that Truth Social, a company mired in shenanigans, which The Daily covers quite nicely btw, rockets up to this absurd valuation is news especially in conjunction with all of the other news about Trump and owing half a billion dollars.
But sure, I get your point.