News Formal

Market correction: Trump stock tumbles after buoyant debut

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

After a winning debut on Wall Street last month, Donald Trump's media group has suffered a bruising retreat, denting the Republican candidate's wealth as he faces legal challenges. Since entering public markets on March 26, Trump Media and Technology Group has seen its market value plummet from around $11 billion to under $4.5 billion.

Donald Trump still stands to make plenty of money with the listing of his media group, which owns the app Truth Social. Photo: OLIVIER DOULIERY / AFPAfter a winning debut on Wall Street last month, Donald Trump's media group has suffered a bruising retreat, denting the Republican candidate's wealth as he faces legal challenges.

TMTG's ticker is"DJT," Trump's initials. The company's principal asset is"Truth Social," the social media platform launched for the ex-president after he was kicked off Twitter andstay informed and follow us on Google News! "I can't think of any companies that currently have such a wide gap between revenue and market cap," Kennedy said.

"I'd say this is a meme stock," said Kennedy, alluding to GameStop and a handful of other equities that caught fire in early 2021 after being embraced by users of the Reddit platform.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 10. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Bitcoin Proves Bull Market Status as Cryptocurrency Market SurgesThe cryptocurrency market shows signs of a bull market as Bitcoin and altcoins experience significant gains. Bitcoin reaches $72.8K, just below its all-time high, while Ethereum surpasses $3700. The market's Fear and Greed Index reaches extreme greed levels.
출처: SATodayNews - 🏆 44. / 51 더 많은 것을 읽으십시오 »

Reddit shares close up 48% in market debutReddit lured investors by positioning its content as training grounds for artificial intelligence programs.
출처: TechCentral - 🏆 8. / 71 더 많은 것을 읽으십시오 »

Asian stocks track Wall St record after Fed keeps rate projectionAsian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
출처: brieflyza - 🏆 10. / 68 더 많은 것을 읽으십시오 »