Billionaire media mogul Barry Diller let fly on CNBC when he was asked to talk about the volatile Trump Media stock that was briefly valued at more than $9 billion on annual revenue of approximately $4.1 million.
Making the obvious analogy to the famously untethered-to-reality rise of the meme stock marvel GameStop’s shares during the pandemic, Diller asked, exasperated, “why are you even talking about this?”
Diller, who was often found on the same gossip pages as Trump in the New York media — he is married to fashion titan Diane Von Furstenberg — seemed perplexed at Trump’s ability to continue to operate what Diller unequivocally calls a “scam.”
“It’s a scam, just like everything he’s ever been involved in is some sort of con,” Diller says.
Barry Diller on the Truth Social stock: It’s a scam! Just like everything he’s ever been involved in is some sort of con. pic.twitter.com/Nxdzp1F0wJ
— MeidasTouch (@MeidasTouch) April 4, 2024
For a scam to work, it needs willing victims — Diller says the people buying the Trump Media stock are “dopes.”
Diller, a Democrat who is the chairman of IAC and Expedia Group, is also known as a co-founder, with Rupert Murdoch, of the FOX Broadcasting Company. Diller ran Paramount Pictures from the mid-1970s to the mid-1980s as the the entertainment giant produced such cultural touchstones as Raiders of the Lost Ark, Saturday Night Fever, and the television series Cheers.
He had profitable timing in buying a part of QVC after leaving Paramount and later purchasing a majority share of Home Shopping Network. He is worth more than $4 billion, according to Forbes.
(Visited 1 times, 1 visits today)
Related Posts:
- Fans realise Antony has been involved in more Chelsea league goals than Man Utd ones after giving away idiotic penalty Sports FANS slammed Antony after realising he has contributed to more Chelsea goals than Manchester United in the Premier League this season. The Brazilian was given a rare start at Stamford Bridge in place of Marcus Rashford, who dropped to the bench. Chelsea get a penalty after Cucurealla dived, penalty given…
- What to watch: ‘Ripley’ is a sight to behold — and that’s no con News Fans of “The Talented Mr. Ripley” brace yourself. Netflix’s B&W “Ripley” takes a more studied approach, and it works. But you’ll have to be patient. Meanwhile, fans of sexy historical series get more than an eyeful from Starz’s sizzling “Mary & George,” while those of us seeking something fun can…
- What to watch: ‘Ripley’ is a sight to behold — and that’s no con News Fans of “The Talented Mr. Ripley” brace yourself. Netflix’s B&W “Ripley” takes a more studied approach, and it works. But you’ll have to be patient. Meanwhile, fans of sexy historical series get more than an eyeful from Starz’s sizzling “Mary & George,” while those of us seeking something fun can…
- Taylor Swift Is Officially A Billionaire News (Dimitrios Kambouris/Getty Images) Taylor Swift has earned a place on the annual Forbes Billionaire List for the very first time. The financial outlet reports that the “Anti-Hero” singer officially became a billionaire in October of 2023 midway through her ongoing Eras Tour, which was instrumental in making her one the…
- Taylor Swift’s Officially a Billionaire: Her Net Worth As She Enters New Era Entertainment Taylor Swift has a new, official net worth. In October of 2023, we reported that Taylor Swift had reached billionaire status. The Eras tour’s colossal success eclipsed every other music tour in history. But net worth is a complicated equation. Amidst so much speculation, the total estimated value of someone’s…