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Predictions for Trump Media Stock in the Coming Year

share-iconMonday, January 06 comment-icon2 weeks ago 6 views
News sources:
usatodayUSATODAY
Predictions for Trump Media Stock in the Coming Year

Credited from: USATODAY

  • Trump Media & Technology Group, owner of Truth Social, went public via SPAC in March 2024, with stock prices fluctuating from $70.90 to $12.15.
  • The company reported only $4.1 million in revenue for 2023, facing significant losses amounting to $363.2 million in 2024.
  • Despite financial instability, Trump Media holds a market cap of $7.4 billion, largely driven by political backing and speculative trading.
  • The stock's future is expected to remain volatile, potentially losing over 90% of its value as post-election excitement declines.
  • Investors are cautioned against chasing gains as the company shifts focus from meme-driven enthusiasm back to macroeconomic issues.

For more information, read the original article here.

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Trump media Stock outlook Truth social Investing Market volatility
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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