Mike Blake/REUTERS
- Barry 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 they're dopes."
The owner of the Truth Social app, Trump Media and Technology Group, enjoyed a soaring debut when it went public last week, attracting the interest of retail investors and the "meme stock" crowd.