Categories
Breaking News

Stock in Donald Trump’s social media company loses a fifth of its value | ABC News [Video]

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/1svxLVEABC 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/2kxYCZYWatch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2Like ABC News on Facebook: http://facebook.com/abcnews.auFollow ABC News on Instagram: http://instagram.com/abcnews_auFollow ABC News on Twitter: http://twitter.com/abcnewsNote: In most cases, our captions are auto-generated.#ABCNews #ABCNewsAustralia