Reported 6 months ago
Shares of Trump Media & Technology Group (NASDAQ: DJT) experienced a 5% increase followed by an 8% decrease due to Donald J. Trump's conviction in a New York felony case. The uncertainty surrounding the implications for the business, particularly Truth Social, the social media platform linked to Trump, raises doubts among investors. With Trump facing potential prison time, there is uncertainty about the platform's future. Despite Trump's influence, the company faces financial challenges, with minimal sales and a negative EBITDA. Investors are advised to observe developments from the sidelines rather than consider buying Trump Media stock.
Source: YAHOO