Trading in Trump Media is likely to be volatile this week as further details about Vice President Kamala Harris's campaign emerge at the DMC.
Serious risks are here. Hope for Truth Social improvements diminished with the 2nd quarter earnings report's weak results.
It's not just politics, but sentiment around the election seems to play a large role how Trump Media & Technology Group trades.
Investing in social media stocks might seem like a no-brainer. The social media market size was $219.06 billion in 2023, and by the end of 2028, it is expected to almost double.
Shares of former U.S. President Donald Trump's media company dipped and neared record lows on Wednesday, following weak quarterly results and the Republican presidential candidate's return to social media platform X.
On the campaign trail, former president Donald Trump talks frequently about what a great businessman and a great investor he is. But one topic he doesn't discuss is the collective $1 billion-plus of losses suffered by people who invested in Trump Media & Technology Group Corp. The company, whose stock trades on the Nasdaq with the symbol DJT, owns Truth Social, Donald Trump's social media site where he posts his thoughts, day in and day out.
After starting the year strong and more doubling its value between early January and late February – and experiencing a new rally in March, which sent it to its yearly highs above $66 – Trump Media (NASDAQ: DJT) stock has seemingly entered a downward spiral in more recent months.
Back in March, I reported on Donald Trump's newest stock-market venture, Trump Media & Technology Group Corp. DJT, which owns and operates his Twitter knockoff “Truth Social.”
Though the stock of Trump Media (NASDAQ: DJT) is, by press time, still having a positive 2024, being more than 30% in the green in the year-to-date (YTD) chart, its recent performance has been tumultuous.
Donald Trump's presidential campaign may be experiencing some recent turbulence, and the same can likely be said about his social media platform, Truth Social.
The conversation between the former president and the Tesla CEO seems to have left Trump Media investors downbeat.
DJT's second quarter earnings report was a dud. Management once again chose to skip an earnings call that would have provided in-person management commentary and an all-important Q&A session with analysts for all to hear - especially nervous shareholders.