Trump's Niece Says Ex-President's 'Scheme Might Already Be Backfiring' After TMTG Stock Plunge Erodes His Net Worth: 'Donald's Bubble Pops'
Portfolio Pulse from Shanthi Rexaline
Trump Media & Technology Group Corp. (NASDAQ:DJT) experienced a significant stock plunge of over 21%, raising concerns from Mary Trump about the company's valuation and potential misuse as a campaign finance tool. She highlighted the discrepancy between TMTG's $10 billion valuation against its $4.1 million revenue and $58 million losses. Mary Trump suggested that TMTG's public status could allow for surreptitious financial support to Donald Trump, bypassing FEC regulations. She also raised concerns about foreign investment and the potential for TMTG to fail due to its financial instability and operational issues.
April 02, 2024 | 6:54 am
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Trump Media & Technology Group Corp.'s stock plummeted over 21%, with concerns about its valuation and potential misuse for campaign financing. The company's operational and financial issues could further impact its stock performance.
The significant stock plunge reflects investor concerns about TMTG's valuation and potential regulatory scrutiny over its use as a campaign finance tool. Operational issues and financial instability could further deter investor confidence, likely leading to a negative short-term impact on the stock.
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IMPORTANCE 90
RELEVANCE 100