Reported 20 days ago
Shares of Trump Media, Donald Trump's social media venture, soared as early U.S. election results fueled optimism for a Republican victory. Trading on Robinhood saw stocks rise to $48.74, a significant volatility spike reflecting market sentiment connected to Trump's electoral prospects. The stock, influenced more by speculative interest rather than solid financial fundamentals, raised questions among analysts regarding its long-term viability, especially if Trump fails to attract new users or advertisers for his platform, Truth Social.
Source: YAHOO