Criticism of Trump Media by Barry Diller
IAC and Expedia Chairman Barry Diller criticized Trump Media calling it a scam with no revenue, despite its high stock price. Trump Media has a $6.4 billion market cap with only $4.1 million in revenue and reported net losses of $58 million in 2023.
Key Points
- Trump Media is criticized for having no revenue despite a high stock price
- The company reported significant net losses in 2023
Cons
- Trump Media is criticized for being a scam with no revenue
- The company has a high market capitalization despite low revenue and losses reported