Reported 30 days ago
Despite losing money and having minimal revenue, Trump's media company, Trump Media & Technology Group, is experiencing a stock surge valued at $9 billion, driven by speculation of his potential election win. This price has tripled in five weeks, primarily based on market sentiment rather than fundamentals, likened to a meme stock. Analysts warn that its future is heavily contingent on the electoral outcome, with predictions of sharp gains if Trump wins and a steep decline if he loses.
Source: YAHOO