Trump Media is 'a scam' and people buying its stock are 'dopes,' Barry Diller says
Publishing timestamp: 2024-04-04 12:32:12
Summary
IAC Chairman Barry Diller called Trump Media "a scam" and criticized people buying its stock as "dopes." The company has no revenue, high market capitalization, and significant losses. Diller compared the situation to the meme stock frenzy of 2021. He expressed doubt that Trump Media could become a bigger business, especially if Trump is elected president.
Sentiment: NEGATIVE
Keywords: amc entertainment holdings inc, donald trump, politics, trump media & technology group corp, breaking news: business, media, gamestop corp, markets, barry diller, breaking news: politics, iac inc, business, business news, social media, breaking news: markets,
Source: https://www.cnbc.com/2024/04/04/trump-media-stock-is-a-scam-barry-diller-says.html