DJT +20.90 to 70.85, on its first day of trading under the new symbol .... I guess we should have all been loading up on DWAC in the $30's a few days ago ! PUT premiums are astronomic as traders bet the stock will soon plunge back to earth - the valuation is crazy !
CNN -
The eye-popping valuation is a massive windfall for Trump, who owns a dominant stake of 79 million shares.
At Tuesday’s opening price of nearly $78, that stake is worth nearly $6 billion, although lock-up restrictions likely prevent Trump from selling or even borrowing against those shares anytime soon.
Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span.
And yet the market is valuing Trump Media at approximately $14 billion.
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