Trump’s company is valued ‘absurdly out of the realm of normal,’ LinkedIn billionaire says | CNN Business

New York CNN  — 

Reid Hoffman knows firsthand that riches can be made building a social media empire. But the LinkedIn co-founder is dumbfounded by the size of the social media fortune former President Donald Trump is sitting on.

Trump’s conservative social media company, Truth Social owner Trump Media & Technology Group, is valued by Wall Street at a whopping $6 billion — even after a recent plunge in its share price.

“That is wildly high,” Hoffman, who is now a director at Microsoft and a venture capital investor, told CNN. “The Truth Social numbers are

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Microsoft faces mega fine after EU takes issue with Teams bundling | CNN Business

London CNN  —  Microsoft has violated European Union antitrust laws by bundling Teams with its other popular applications for...

Perkins, the aging diner chain, has a ‘new vibe’ with a different name | CNN Business

New York CNN  —  At 66 years old, Perkins Restaurant and Bakery is due for a touch up. ...

Alex Jones’ court trustee plans to shut down his notorious conspiracy outlet Infowars | CNN Business

CNN  —  Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in...