Trump Media Goes Public with $9 Billion Valuation, as Experts Warn Average Investors of High Risk and Volatility

2024-03-26 18

Trump Media & Technology Group, the owner of Truth Social, went public under the ticker "DJT" with a surprising valuation of $9 billion despite its financial issues and declining user base. Experts, however, warn average investors of the high risk and volatility, advising them to steer clear, especially given Trump Media's dependency on Trump, who, at 77, faces significant legal challenges that could impact the company. Trump Media's revenue and user numbers are significantly lower than those of other social media platforms, and the company has highlighted several risks in its SEC filings.