Still not worth the risk trading at 1,000 multiple

Even at its current levels, Trump Media's market capitalization of $4.2 billion is about 1,000 times the company's total 2023 revenue of $4.1 million. The company posted a 2023 loss of $58.2 million.

In the second quarter, Trump Media reported a loss of $16.4 million and $837,000 in revenue.

With one of the most high-profile politicians in recent history at the core of its business, Trump Media's stock has drawn investment based more on its social-media buzz than its fundamentals - functioning as something of a meme stock for Trump's popularity.