frump doesn't care, he's taken in an incredible amount of millions in spac money. It's not even a stock, it's a Special Purpose Acquisition Company (SPAC), spac- which is an instrument of trade that never should have been allowed to be created is being abused by scammers. frump being one of the biggest yet to abuse a spac. Purportedly, one invests in a spac in the beginning, not buying stock, but 'shares' in the future alleged merger of some company.
In frumps case, he created tmtg himself and he is now lying that he will merge into tmtg, an empty shell he created for this spac. The amount of 'trading' of his tmtg/dwac issue is giving his fake shit a meaningless market cap value of billions. A MC indicator only multiplies the immediate issue price times the amount trading volume and gives a quick but useless value indicator. Useless because that figure does not take in the companies themselves, fundamental values of property ... NOTHING to do with the reality and costs of the companies. MC has been used to fleece 'investors' for like forever. And almost always crashes down.
And frump most likely has no real interest in running a media company. It is arguably for his own soapbox and that is getting old quick, no matter what the minority right thinks about his power.