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Focus: Trump Media's true believers bet on stock surge as presidency begins

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
One night in late October, Whitney Patterson spotted a YouTube video about people buying shares in Trump Media & Technology Group , the U.S. president-elect's social media and streaming company.
The article from Reuters discusses the financial and political dynamics surrounding Trump Media & Technology Group (TMTG), which operates Truth Social, a social media platform favored by former President Donald Trump and his supporters. Despite TMTG's lack of significant revenue and ongoing financial losses, its stock, trading under the ticker DJT, has seen a surge in interest and value, largely driven by Trump's loyal base of supporters. These investors, often referred to as "Trump's true believers," are betting on the stock's potential rise if Trump were to win the presidency again in 2025, anticipating that his political success could boost the company's fortunes. The stock's volatility is highlighted by its dramatic fluctuations, with shares jumping significantly after Trump's victories in the Iowa caucuses and New Hampshire primary. However, the article also notes skepticism from financial analysts about the stock's long-term viability, pointing out that its value seems more tied to Trump's political fortunes than to the company's business fundamentals.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/media-telecom/trump-medias-true-believers-bet-stock-surge-presidency-begins-2025-01-20/ ]