Trump Media Shares Plummet, Sparking Speculative Trading and Legal Drama
Despite significant losses, Trump Media & Technology Group's shares remain a hotbed for speculative trading and legal challenges.
- Trump Media & Technology Group's shares have lost about half their value since going public, closing recently at $32.59.
- Speculative trading by meme investors and stock lenders keeps the stock volatile, despite the company's poor financial performance.
- Trump stands to gain from a special SPAC deal bonus, potentially receiving millions of shares if the stock maintains certain price levels.
- Legal disputes and a looming criminal trial for Donald Trump add to the company's challenges.
- Experts suggest that non-rational factors heavily influence the stock's price movements, making predictions difficult.