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How is Trump's Phony Media Company "Worth" $7 Billion?

How is Trump's Phony Media Company "Worth" $7 Billion?

FromWhat A Day


How is Trump's Phony Media Company "Worth" $7 Billion?

FromWhat A Day

ratings:
Length:
30 minutes
Released:
Apr 6, 2024
Format:
Podcast episode

Description

Why on earth is Wall Street valuing Donald Trump’s little social network at $7 billion despite having few users, scant revenue and tremendous losses? This week on “How We Got Here,” Max and Erin take stock of how wonky and meme-ified investment markets have become, what this means Trump’s legal bills, and why “DJT” shares would never be this high if not for Netscape and GameStop. SOURCESTrump Media’s Business Doesn’t Matter - BloombergPump and Dumps Are Legal Now - BloombergJonathan Lebed's Extracurricular Activities - The New York TimesTrump Media stock plunges as 2023 Truth Social loss put at $58 millionOpinion | ‘Dumb Money’ and the Meme Stock Phenomenon - The New York TimesMeme Stocks Are Back. Here’s Why Wild Trading May Be Here to Stay. - The New York TimesTrump Stock Takes Washington by Storm - WSJWho Is Fueling the Surge in Shares of the Trump SPAC? - WSJTrump’s Dazzling Truth Social SPAC - WSJ
Released:
Apr 6, 2024
Format:
Podcast episode

Titles in the series (100)

What A Day cuts through all the chaos and clickbait to help you understand what matters and how you can fix it—all in just 20 minutes. Comedian Akilah Hughes and reporter Gideon Resnick break down the biggest news of the day, share important stories you may have missed, and show you what “Fox & Friends” would sound like if it were hosted by two people whose parents read to them as children. New episodes Monday through Friday at 5 a.m. EST.