Trump Media and Tech Group (Politics Allowed~Non-Moderated)

[louieforpar]

“This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.

Ritter said the closest parallel would be GameStop, AMC and other so-called meme stocks that skyrocketed during Covid-19 as an army of retail traders piled in. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its implied stock price of $50.”






https://www.google.com/url?q=https://amp.cnn.com/cnn/2024/03/26/markets/trump-media-stock-truth-social&sa=U&ved=2ahUKEwjulpCGnZKFAxXNkYkEHSI-BAEQFnoECA8QAQ&usg=AOvVaw1dijbzlzij9KOqRD6WR-Y2