Trump Media Stock Surges Amid Election Speculation

The valuation of Trump Media & Technology Group rises sharply as investors bet on the former president's election prospects.

Trump Media's valuation has fluctuated drastically, losing $7 billion and regaining $3 billion recently, despite minimal revenue and user engagement.
The company's stock is behaving like a meme stock, with its value tied to Donald Trump's chances of winning the presidential election.
Truth Social, a platform owned by Trump Media, struggles with low user numbers, failing to reach one million daily active users in the past year.
Investors are speculating on Trump's election outcome through both prediction markets and Trump Media's stock, with the latter showing high volatility.
The stock's recent performance reflects a broader market trend of speculative trading, often disconnected from the company's financial fundamentals.