Overview

• 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.