Tornado Alley (PROG)

[fuagf]

Honestly still thought it was satire after reading all of it. I guess having a quote like that meant it couldn't be,
if that person exists which i haven't checked. Zorax had Trump's scam pegged from it's conception.

Why Truth Social’s stock price soared despite company reporting $49M loss last year

Mar 27, 2024 6:45 PM EDT

[...]

William Brangham:

The thing I don't quite get is that a company with these sorts of financials, how is it that it ended up with this valuation in the multiple billions of dollars?

Dan Alexander:

Well, something's worth what people are willing to pay for it.

And there are a lot of people right now who are extremely excited about the idea that they can buy stock and therefore become sort of a business partner of Donald Trump. Now, that doesn't have anything to do with the financials. It doesn't have much to do with the future of the company.

There's no serious stock analyst who would say that this valuation makes sense. But, nonetheless, if enough people are excited about something, then what you have is mania, and people get excited and they bid it up to a crazy price, which is where we are.

https://www.pbs.org/newshour/show/why-truth-socials-stock-price-soared-despite-company-reporting-49m-loss-last-year