Forbes Sr. Editor on TRUTH Social Stocks: ‘This Thing Could Go to Zero’

BURNETT These were small ░░░░░░░░ investors who support Donald ░░░░░░░░ wanted to support his ░░░░░░░░ There was a person ░░░░░░░░ put a large chunk ░░░░░░░░ his life savings in ░░░░░░░░ company He told The ░░░░░░░░ Post Dan I know ░░░░░░░░ and well it s ░░░░░░░░ Trump s hands and ░░░░░░░░ s got plans I ░░░░░░░░ no doubt it s ░░░░░░░░ to explode some time ░░░░░░░░ mean that s actually ░░░░░░░░ me really sad I ░░░░░░░░ how do you even ░░░░░░░░ to that ALEXANDER Yeah ░░░░░░░░ is a sad story ░░░░░░░░ know And the trouble ░░░░░░░░ is that if you ░░░░░░░░ at the fundamentals of ░░░░░░░░ company it s poised ░░░░░░░░ go down a lot ░░░░░░░░ If you look at ░░░░░░░░ number of users that ░░░░░░░░ company has amount of ░░░░░░░░ that it generates its ░░░░░░░░ should be measured in ░░░░░░░░ hundreds of millions of ░░░░░░░░ at the most Right ░░░░░░░░ public markets are valued ░░░░░░░░ three and a half ░░░░░░░░ So that means that ░░░░░░░░ stock should fall by ░░░░░░░░ least another 90 percent ░░░░░░░░ the metric starts to ░░░░░░░░ any amount of sense ░░░░░░░░ for people who are ░░░░░░░░ blindly putting their faith ░░░░░░░░ Trump and in the ░░░░░░░░ that means that they ░░░░░░░░ stand to lose a ░░░░░░░░ of money And if ░░░░░░░░ is just throwing a ░░░░░░░░ of you know thousand ░░░░░░░░ that they have extra ░░░░░░░░ Fine Now people donate ░░░░░░░░ political campaigns too but ░░░░░░░░ somebody is putting a ░░░░░░░░ chunk of their life ░░░░░░░░ into it they could ░░░░░░░░ get wiped out by ░░░░░░░░ very person who they ░░░░░░░░ trusting their money to ░░░░░░░░ this guy is going ░░░░░░░░ make this company an ░░░░░░░░ venture BURNETT I mean ░░░░░░░░ s incredible You re ░░░░░░░░ things So we ve ░░░░░░░░ looked at something that ░░░░░░░░ lost half its value ░░░░░░░░ March 26 half its ░░░░░░░░ But you re saying ░░░░░░░░ could go down another ░░░░░░░░ percent ALEXANDER Yeah there ░░░░░░░░ no question I mean ░░░░░░░░ you look at the ░░░░░░░░ s own filings you ░░░░░░░░ they re saying that ░░░░░░░░ accountants had questions about ░░░░░░░░ could continue as a ░░░░░░░░ concern They re saying ░░░░░░░░ bankruptcy is not out ░░░░░░░░ the question eventually So ░░░░░░░░ thing could go to ░░░░░░░░ eventually but just if ░░░░░░░░ look at the actual ░░░░░░░░ fundamentals right now and ░░░░░░░░ stack that up against ░░░░░░░░ example the valuation of ░░░░░░░░ or Facebook and some ░░░░░░░░ social media companies And ░░░░░░░░ try to correlate those ░░░░░░░░ it make sense we ░░░░░░░░ so far away from ░░░░░░░░ point right now that ░░░░░░░░ like this stock should ░░░░░░░░ falling drastically BURNETT All ░░░░░░░░ Thank you very much ░░░░░░░░ Good to see you ░░░░░░░░ Yeah Likewise BURNETT All ░░░░░░░░