MAY 21·Simply Wall Street▼
Trump Media & Technology Group (DJT) Valuation After Truth Social Crypto ETF Withdrawal
Trump Media & Technology Group (DJT) recently withdrew plans for Truth Social Bitcoin and Ethereum ETFs, leading to renewed focus on its valuation. The stock has seen significant declines, with a 41.47% year-to-date drop and a 67.06% fall over the past year, alongside a wider quarterly net loss. While its price-to-book ratio of 1.8x appears relatively fair compared to peers, a Discounted Cash Flow (DCF) model suggests the company might be slightly overvalued, raising questions about whether the market is adequately discounting its future growth potential.
MAY 9·The Independent▼
Truth Social owner Trump Media reports another round of drastic losses
Trump Media and Technology Group, owner of Truth Social, reported over $405 million in first-quarter net losses for this year. The company's stock has significantly decreased from its 2022 high, and it has looked into unconventional business ventures like merging with a nuclear fusion company and launching prediction markets to boost investor interest. This comes after consistent net losses in previous years and a recent change in CEO.