Is There Any Hope Left for Trump Media Stock? [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
Its stock opened at $70.90 on the first day, but it now trades at about $33. Trump Media plunged because it was an overvalued meme stock . Even after its three-month decline, the social media company still has a market cap of about $5.9 billion -- which is more than 1,400 times the revenue it generated in 2023. Most investors would probably balk at buying shares of a company sporting such a sky-high valuation, but is there any hope for this controversial and volatile stock? Ambitious growth targets that it missed by a mile Trump Media owns Truth Social, a social media platform that was launched just over two years ago as an alternative to X (formerly Twitter). It says its goal is to "fight back against the big tech companies" that "curtail debate in America and censor voices." In a SPAC presentation in November 2021, Trump Media said its revenue could increase from an estimated $1 million in 2022 to $3.67 billion in 2026 -- a whopping 678% compound annual growth rate. It said
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DJT
News
- What's Going On With Trump Media & Technology Group Stock On Friday? (UPDATED) [Yahoo! Finance]Yahoo! Finance
- TMTG Secures Perpetual Licensing for New Technology in Truth Social TV Streaming and Signs Long-Term Equity DealGlobeNewswire
- Kari Lake keeps making money off of her MAGA celebrity brand [Business Insider]Business Insider
- Trump Media Announces Over $105 Million in Cumulative Proceeds from Warrant Exercise and Over $350 Million in Cash on its Balance Sheet [Yahoo! Finance]Yahoo! Finance
- Trump Media Announces Over $105 Million in Cumulative Proceeds from Warrant Exercise and Over $350 Million in Cash on its Balance SheetGlobeNewswire
DJT
Sec Filings
- 7/3/24 - Form S-1
- 7/3/24 - Form 424B3
- 7/3/24 - Form 8-K
- DJT's page on the SEC website