Trump Media shares are in free fall [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
Trump Media's volatile share price ( DJT ) tumbled another 14% on Thursday, leaving it down by a staggering 48% in the span of just three weeks. The severe selloff has erased nearly $3 billion from the estimated net worth of former President Donald Trump, the controversial company's leading shareholder and chairman. The weeks-long selloff accelerated in recent days as Trump Media announced it received approval from regulators for a move that threatens to water down the holdings of shareholders. Despite the tumbling share price, some experts are warning Trump Media remains vulnerable to further losses. “The stock is still wildly overpriced,” said Jay Ritter, a finance professor at the University of Florida who has studied capital markets for the past four decades. The problem is that even after the recent selloff, Trump Media is still valued in the billions of dollars, and yet it generates very little revenue Trump Media recorded revenue of just $770,500 in the first quarte
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