by The political fortunes of Donald Trump are starting to deviate from his financial.
Shares in the social media group of the former president have stuck new lows on Monday, even if the last polls suggest that he is gaining ground in a few important battlefield states in the sunbouw of the country.
Until recently, the price of his Truth Social Marting Company was generally seen as a barometer of his chances in November.
A poll published on Monday by The New York Times And Siena College showed him to hold his lead in Georgia while he told Harris in Arizona and North Carolina after their controversial debate this month saw Trump viral because he claimed that immigrants eat pets.
It also marked the sixth consecutive day of heavy sale in Trump Media and Technology Group (TMTG), the parent of Twitter Clone Truth Social, after a very short delay when Trump told reporters that he was not going to sell his nearly 115 million shares .
It closed 10% on the session to finish at $ 12.15, the lowest Level Since it announced for the first time three years ago, is planning to become public through a reverse merger with a blank check -investment vehicle that is known as a Spac.
That means the value of Trump’s 59% interest in the company, That was subject to a Lockup period of six months after the spac fusion until this week, has been taken to just $ 1.4 billion of his Peak in March of more than $ 9 billion.
Assuming that Trump does not sell his interest as he claims, the sales pressure will not necessarily rise.
With its Meme -Stock image and refusal to reveal something about the underlying statistics that stimulate his company, the shares are avoided by financial analysts.
There is not one estimate about the Yahoo financing for this year’s turnover, let alone income or, in the case of TMTG, lose.
Applying the same 7.5x price-on-sales multiple for next year’s turnover that Reddit is currently trading on TMTG shares, it would give a market capitalization of around $ 25 million.
