Trump Social Media Stock Jumps Another 24% After Soaring 16% Yesterday

Tiger Newspress03-27

Trump social media stock DJT gained another 23.6% in morning trading Wednesday after soaring 16.1% on Tuesday.

Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.

At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million.

The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion.

Trump's majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Barcode
03-28
Barcode
Risk appetite satisfied, thanks Trump (not words I would have envisaged myself saying) 🌜🇺🇸📈👍 $Trump Media & Technology(DJT)$

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1126133892?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-27 21:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1126133892","market":"us","top_or_hot":-1,"title":"Trump Social Media Stock Jumps Another 24% After Soaring 16% Yesterday","media":"Tiger Newspress","content":"<html><head></head><body><p>Trump social media stock DJT gained another 23.6% in morning trading Wednesday after soaring 16.1% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/49865e933d10fb9bbc867f8b8a5a613e\" tg-width=\"842\" tg-height=\"624\"/></p><p>Shares of Donald Trump&#39;s Trump Media &amp; Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president&#39;s supporters and providing him a potential windfall as he grapples with the costs of several legal cases.</p><p>At its session high of $79.38 per share, TMTG&#39;s market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million.</p><p>The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion.</p><p>Trump&#39;s majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Social Media Stock Jumps Another 24% After Soaring 16% Yesterday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Social Media Stock Jumps Another 24% After Soaring 16% Yesterday\n</h2>\n\n<h4 class=\"meta\">\n\n2024-03-27 21:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trump social media stock DJT gained another 23.6% in morning trading Wednesday after soaring 16.1% on Tuesday.Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJT","symbol_name":"特朗普媒体科技集团","start_time":0,"source_url":"","article_id":"1126133892","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126133892","pubTimestamp":1711546412,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Trump social media stock DJT gained another 23.6% in morning trading Wednesday after soaring 16.1% on Tuesday.Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuatio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DJT":"特朗普媒体科技集团"},"translate_title":"特朗普社交媒体股票继昨日飙升16%后，又上涨24%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJT":1.1},"content_text":"Trump social media stock DJT gained another 23.6% in morning trading Wednesday after soaring 16.1% on Tuesday.Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million.The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion.Trump's majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":288921393897656,"gmtCreate":1711561905146,"gmtModify":1711561909858,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4171900329979952","idStr":"4171900329979952"},"htmlText":"Risk appetite satisfied, thanks Trump (not words I would have envisaged myself saying) 🌜🇺🇸📈👍 <a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$</a>&nbsp;","listText":"Risk appetite satisfied, thanks Trump (not words I would have envisaged myself saying) 🌜🇺🇸📈👍 <a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$</a>&nbsp;","text":"Risk appetite satisfied, thanks Trump (not words I would have envisaged myself saying) 🌜🇺🇸📈👍 $Trump Media & Technology(DJT)$","images":[{"img":"https://community-static.tradeup.com/news/25263807d12c33fea25f79173d5eea65"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288921393897656","repostId":1126133892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":1,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1126133892"}