The headline is: “Here’s why Truth Social is worth $10 Billion”. I’m going in looking for a reasonable explanation as to why it’s worth ten billion dollars.
This opinion piece essentially says it’s the “unwavering loyalty” of its “steadfast” 9 or 5 million (depending on the article) users. That doesn’t tell me anything about the valuation. Is it the case that any business with millions of users is worth billions of dollars? We know they’ve lost $49 million, what’s their revenue? There’s nothing tangible in this article to explain the $10 billion valuation. It has not answered the question I had going into it. I mean, to put it another way, the best source this piece has is “CampusExplorerdotcom”. This isn’t compelling me to invest in the company.
The other report is more realistic and offers the explanation of the soaring stock price due to it being both a meme stock and an opportunity for people to be “business partners” with Trump. It opens with the objective observation that its valuation does not match with its financials. This at least informs me that the valuation is not based on finances but on excitement. This is a realistic assessment from someone who has been reporting on Trump’s ventures for years.
My initial comment was more in response to the presentation of the article being a legit report by Forbes and calling it out as an opinion. What I’ve learned since my original post is that this is in fact tagged as an opinion piece if you hover of the ( i ) next to Contributor. I’m not so sure opinions should be considered “News”.
Fair enough. Perhaps this is the wrong article to post but I do honestly think that Truth Social, a company mired in shenanigans, which The Daily covers quite nicely btw, rockets up to this absurd valuation is news especially in conjunction with all of the other news about Trump and owing half a billion dollars.
I fail to see your point.
The headline is: “Here’s why Truth Social is worth $10 Billion”. I’m going in looking for a reasonable explanation as to why it’s worth ten billion dollars.
This opinion piece essentially says it’s the “unwavering loyalty” of its “steadfast” 9 or 5 million (depending on the article) users. That doesn’t tell me anything about the valuation. Is it the case that any business with millions of users is worth billions of dollars? We know they’ve lost $49 million, what’s their revenue? There’s nothing tangible in this article to explain the $10 billion valuation. It has not answered the question I had going into it. I mean, to put it another way, the best source this piece has is “CampusExplorerdotcom”. This isn’t compelling me to invest in the company.
The other report is more realistic and offers the explanation of the soaring stock price due to it being both a meme stock and an opportunity for people to be “business partners” with Trump. It opens with the objective observation that its valuation does not match with its financials. This at least informs me that the valuation is not based on finances but on excitement. This is a realistic assessment from someone who has been reporting on Trump’s ventures for years.
My initial comment was more in response to the presentation of the article being a legit report by Forbes and calling it out as an opinion. What I’ve learned since my original post is that this is in fact tagged as an opinion piece if you hover of the ( i ) next to Contributor. I’m not so sure opinions should be considered “News”.
Fair enough. Perhaps this is the wrong article to post but I do honestly think that Truth Social, a company mired in shenanigans, which The Daily covers quite nicely btw, rockets up to this absurd valuation is news especially in conjunction with all of the other news about Trump and owing half a billion dollars.
But sure, I get your point.