Trump Media's Stock Volatility: Surge Follows Plunge Post-Conviction

Trump Media & Technology Group experiences wild market swings, raising questions about its valuation and long-term viability.

Shares of Trump Media surged by over 20% after a significant drop following Trump's criminal conviction.
The company's valuation, currently around $6 billion, is criticized as being excessively high given its revenue and user base.
Truth Social, the social media platform owned by Trump Media, has struggled to grow its user engagement and revenue.
Trump Media expects to receive $69 million from recent warrant exercises, with potential for up to $247 million.
Experts liken Trump Media's stock to meme stocks, driven more by sentiment than fundamentals.