Billionaire says Trump Media a ‘scam,’ calls investors ‘dopes’

Billionaire Media Exec Scorches Trump's Truth Social With Blunt 4-Letter Word

Barry Diller ripped the parent company of the former president's platform after it went public last week.

‘It’s a Scam’: Barry Diller Nukes the ‘Dopes’ Buying Stock In Trump’s Media Company

Media titan Barry Diller pulled no punches on Thursday’s Squawk Box on CNBC when he was asked to weigh in on Trump Media going public last week, which added billions of dollars to former President Donald Trump’s net worth. “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,” asked host Andrew…

Barry Diller says Trump Media is 'a scam' and people buying shares are 'dopes'

Barry Diller, IAC chairman, had some harsh words for Trump Media and its shareholders.Mike Blake/REUTERSBarry Diller thinks that shareholders of Truth Social's owner have been scammed.The IAC chairman pointed to Trump Media's low revenue and said he doubts Truth Social will grow.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…

Billionaire says Trump Media a ‘scam,’ calls investors ‘dopes’

Truth Social parent company Trump Media is a "scam," billionaire investor Barry Diller told CNBC in an interview Thursday. “It’s a scam, just like everything he’s ever been involved in is some sort of con,” Diller said on CNBC’s "Squawk Box," referring to former President Donald Trump and Trump Media & Technology group. Diller also said the people investing in the company following its strong stock market debut are “dopes.” “I mean, who would b…

'Stupid': Billionaire investor says people buying 'scam' Trump media stock are 'dopes'

Ever since the parent company of former President Donald Trump's Truth Social platform went public on the Nasdaq Composite in late March, its share price has gone steadily downhill. And in a recent interview, billionaire investor Barry Diller slammed both the stock and its buyers.After the rollout of its initial public offering (IPO), the Trump Media and Technology Group stock — trading as $DJT — traded for nearly $70 per share. However, it's si…

Trump Media is 'a scam' and people buying its stock are 'dopes,' Barry Diller says

Donald Trump, the presumptive Republican presidential nominee, is the biggest shareholder in Trump Media, the owner of the Truth Social app he often uses.