IAC chairman and senior executive Barry Diller said Thursday on CNBC’s “Squawk Box” that former President Donald Trump’s social media company Truth Social was a scam.
Host Andrew Ross Sorkin said, “Not a political question about former President Trump, but actually a business question about Truth Social. You’ve seen the stock on the move in this., in this I’ll call it remarkable, maybe even crazy way.”
Diller said, “I’ll say two words, Game Stop.”
Ross Sorkin said, “GameStop, that’s what you think is going on here?”
Diller said, “I think it’s a, I mean, it’s ridiculous. The company has no revenue.”
Ross Sorkin said, “But do you think it could ever be a bigger business? Do you think if he wins the presidency it becomes bigger?”
Diller replied, “No, why would it be bigger? Look, he’s only interesting now because he’s out there…
