Trump Media's $6 Billion Valuation Slammed by Reid Hoffman as 'Wildly High' and 'So Absurdly Out of the Realm of Normal Business'

Reid Hoffman, co-founder of LinkedIn, believes Trump Media & Technology Group is absurdly overvalued at $6 billion given its small user base and little revenue. Speaking to CNN, Hoffman stated that the valuation is "wildly high" and the number as "so absurdly out of the realm of normal business." Hoffman suggested that Trump Media's valuation should be around $40 million instead of several billion. He pointed out that Truth Social is rapidly depleting funds without showing significant results in user engagement, growth, or potential revenue generation. Critics say Trump Media shares more closely resemble "meme stocks" than typical valuations based on fundamentals.