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Fortune
Fortune
Seamus Webster

LinkedIn co-founder slams $6 billion valuation for Trump's Truth Social

Photo of Reid Hoffman (Credit: David Paul Morris—Bloomberg/Getty Images)

The first half of 2024 has been a serious roller-coaster ride for Trump Media & Technology Group. Since the company behind Truth Social went public, its stock price has oscillated wildly—as high as $66 per share and as low as $22—sending the former president’s wealth surging and crashing along with it.  

But according to LinkedIn cofounder Reid Hoffman, those fluctuations are minor compared to the massive gap between Wall Street’s valuation of Trump Media and the true value of the company. 

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