Just a week after Trump Media and Technology debuted on the NASDAQ … shares in the company have plunged more than twenty per cent after revelations the company lost tens of millions of dollars last year..
David Bassanesse from BetaShares says the Truth Social platform is overvalued – which at $6.6 billion U-S is around 16-hundred times the company’s loss-making revenue last year.
Subscribe: http://ab.co/1svxLVE
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia