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[quote=Anonymous][quote=Anonymous]Trump's media company valued at almost $8 bln in strong Wall St debut By Medha Singh and Yuvraj Malik March 27, 20245:50 AM EDTUpdated 11 hours ago https://www.reuters.com/markets/us/trumps-media-company-shares-jump-ahead-backdoor-nasdaq-debut-2024-03-26/ March 26 (Reuters) - Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases. At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million. The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion. Trump's majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding. Now Truth Social is worth $8 billion. [/quote] Yea, still can't cash out or use it as collateral. [/quote]
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