A senior editor at Forbes predicts that the stock
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Posted On: 04/16/2024 2:24:36 PM
A senior editor at Forbes predicts that the stock of Donald Trump’s social media company “could go to zero,” and retail investors who bought it to support the former president could lose big.
“If you look at the fundamentals of the company, it’s poised to go down a lot more,” Dan Alexander told CNN’s Erin Burnett on Monday. “If you look at the number of users this company has, the amount of revenue that it generates, you know, its valuation should be measured in the hundreds of millions of dollars, at the most. Right now, the public markets are valuing it at 3.5 billion.”
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“If you look at the fundamentals of the company, it’s poised to go down a lot more,” Dan Alexander told CNN’s Erin Burnett on Monday. “If you look at the number of users this company has, the amount of revenue that it generates, you know, its valuation should be measured in the hundreds of millions of dollars, at the most. Right now, the public markets are valuing it at 3.5 billion.”
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