Trump Media Stock Soars, Boosting Trump's Net Worth by $400 Million

Former President Donald Trump's company, Trump Media, sees a significant stock price increase amid an anti-short selling campaign.

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.