Overview

• Trump Media's stock closed at a three-week high of $47 per share, increasing Donald Trump's net worth by approximately $406 million.
• The stock surge followed a new strategy to combat short sellers, including a unique press release aimed at preventing share lending.
• Despite the stock's rise, Trump Media's financial performance remains weak with significant losses reported last year.
• Analysts warn investors about potential risks, suggesting that the stock's high valuation may not be sustainable.
• Trump Media's market cap nears that of Reddit, despite having much lower revenues and a smaller user base.