Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Trump Media & Technology Group, trading under the ticker symbol DJT, has become a meme stock with minimal revenue but an $8 billion valuation. Unlike traditional meme stocks, DJT's price is not tied to its business prospects but is driven by sentiment. The company's SPAC deal has led to a successful start in trading, with shares jumping premarket. Despite being labeled a meme stock, DJT's valuation is influenced more by perception and speculation rather than fundamentals. Trump's involvement in the company adds a unique dimension to its market dynamics, with his stake potentially worth over $5 billion. The company's debut on the Nasdaq has seen a 25% increase in its stock price, boosting Trump's net worth significantly and raising questions about his 2024 election prospects.
Listen to @chamath’s take on $DJT stock at 16:41. If Trump folds in licensing revenue from his name, image, likeness into the $DJT company, it starts to look like an actual business. It would be foolish to short this. 600% annualized cost to borrow. https://t.co/vZBI6PR2Gt
TRUMP’S DJT STOCK BOOSTS HIS NET WORTH BY BILLIONS—AND RAISES BIG QUESTIONS AHEAD OF THE ELECTION (Barron's) Trump Media and Technology Group completed its journey to the public markets this past week, merging with a blank-check company that changed its ticker symbol to DJT.… https://t.co/vcc8bqwL07
$DJT | Trump's Newly Public Media Company Gives Supporters 'Direct Path' To Boost Ex-President's Bottom Line, Brightens His 2024 Election Prospects TMTG began trading on the Nasdaq under the ticker symbol DJT on Tuesday and has gained 25% since its debut. The company now boasts… https://t.co/lE7JDqGPXp