Market correction: Trump stock tumbles after buoyant debut

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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: SATodayNews - 🏆 44. / 51 อ่านเพิ่มเติม »

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

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.
แหล่ง: brieflyza - 🏆 10. / 68 อ่านเพิ่มเติม »