EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A 'Meme Stock' — 'This Is Going To Be A Way To Bet On Or Against Trump'
Portfolio Pulse from Chris Katje
Trump Media & Technology Group (TMTG) went public through a merger with Digital World Acquisition Corporation (NASDAQ:DWAC), despite facing multiple setbacks including shareholder vote delays, investigations, and legal actions. Market experts view TMTG as a 'meme stock' and a way to bet on or against Trump rather than its underlying business. The stock saw a 37% increase on its debut day, with shares hitting new 52-week highs. Trump, owning 80 million shares, faces a six-month lockup, with speculation about potential share sales to free up capital.
March 26, 2024 | 6:36 pm
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Digital World Acquisition Corp. (DWAC) successfully merged with Trump Media & Technology Group, marking a significant public debut despite previous setbacks. The stock is perceived as a 'meme stock' and a bet on Trump's brand.
The successful merger and public debut of TMTG through DWAC, despite numerous challenges, has generated significant investor interest and market movement. The stock's performance and association with Trump suggest a high relevance and potential for volatility, making it a notable asset for investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100