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Barry Diller thinks that shareholders of Truth Social’s owner have been scammed.
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The IAC chairman pointed to Trump Media’s low revenue and said he doubts Truth Social will grow.
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Shares for Trump Media and Technology Group initially surged after going public, but have since tumbled.
Barry Diller has a message for Trump Media shareholders: “I think they’re dopes.”
The owner of the Truth Social app, Trump Media and Technology Group, enjoyed a soaring debut when it went public last week, attracting the interest of retail investors and the “meme stock” crowd.
But that moment in the sun was short-lived, and shares of the former president’s social media platform have since come crashing down to earth.
Diller, media mogul and chairman of IAC and Expedia Group, didn’t sound very optimistic about…
