Today will be the perfect illustration of one of my favorite bastardized sayings... “No one on Wall Street knows fuck all about fuck all.” (Homage to William Goldman.) Why so? Because today is the day Der Trumpf’s Truth Social goes public. The so-called experts on Wall Street are assigning Trump Media an eye-popping valuation of around $9 billion – a price tag that knowledgeable analysts warn is untethered to reality. When you consider that Trump Media generated just $3.4 million of revenue through the first nine months of last year and lost $49 million over that span, there’s little doubt in my mind that eventually it will join the long list of Trumpian failures.
It'll be as big as Trump University.