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George Kailas, CEO of Prospero.ai, a research platform that helps retail traders get better market intelligence, told CNN that Trump Media is trading like a classic meme stock.
Another risk is Trump’s own financial stake in the company, which has the same ticker symbol as a Trump casino company that went bankrupt in 2004. Trump owns at least 55% of the company, and his ...
According to an SEC filing from DWAC, Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue. At current levels, its market cap now sits around ...
Trump Media & Technology Group runs the social media platform Truth Social. Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company.
The note is dated March 25, the day before Trump's company started trading on the Nasdaq stock exchange under the symbol DJT, surging at first and earning comparisons to so-called meme stocks.
Former President Donald Trump lashed out at the Nasdaq over a routine trading halt in shares of his social media company and even threatened to move the listing to the New York Stock Exchange.
Donald_Trump_in_2024.jpg (299 × 374 pixels, file size: 26 KB, MIME type: image/jpeg) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
(Reuters) -Shares of Donald Trump's media and technology company rose over 3% on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called ...