- Joined
- May 21, 2019
Sure, you could argue that Truth social is nowhere near as valuable as X due to its smaller audience, but we're talking about speculative price here, and DJT(Trump Media & Technology Group)'s stock has been growing in the last couple of months, seemingly with Trump's growing odds of getting re-elected, and it's now worth $10 billion.
Meanwhile since Twitter had gone private, it no longer has a stock value, but it's been estimated to be worth $9.4 billion according to an investment group that has a stake in it.
I understand the ridiculous made up numbers behind this idea.
Somebody's made up valuation of X versus the made up stock price which does not reflect reality either. Stock values are not tied to the fortunes of the companies the are listed under in any way shape or form, despite what market watchers and gurus and investment firms want you to believe. See Gamestop for a perfect example of that.
But Truth social has 600K users and X has 600 million. X is a lot more valuable, although it undoubtedly wasn't worth 44 billion in stock buys.