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That article is a shit opinion piece and I’m shocked Forbes ran it. There’s no explanation for this random valuation other than other platforms are worth $X.
Here’s an interview with a senior editor at Forbes who has quite a different take https://www.pbs.org/newshour/show/why-truth-socials-stock-price-soared-despite-company-reporting-49m-loss-last-year
Forbes “contributors” are bloggers. Forbes gave up on actual journalism years ago and is coasting on the reputation of the brand.