Overview

• 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.