Expedia Chairman Barry Diller calls Donald Trump’s Truth Social a scam. Diller points out how the Truth Social stock is plunging, and it would be foolish and dangerous to invest in the stock. Trump takes to Truth Social to share his anger with the Trump Media's massive failures. John Iadarola and Brett Erlich breaks it down on The Damage Report.

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Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC Chairman Barry Diller said on CNBC when asked about the social media company backed by Donald Trump.

“They’re buying it for other reasons, just like they bought theaters when there was no theater business or bought GameStop,” Diller said.

Trump is the majority shareholder in Trump Media, the owner of the Truth Social app that he frequently uses.

Trump Media stock surged after its shares began being publicly traded following a merger with a shell company.

Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump.

“I mean, it’s ridiculous,” Diller said on CNBC’s “Squawk Box” when asked about Trump Media. “The company has no revenue.”

“It’s a scam, just like everything he’s ever been involved in is some sort of con,” he said of Trump.

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