Jay Ritter Articles: page 1

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Jay Ritter

Truth Social investors hoped to get ‘very rich’ after Trump’s win. Not quite.

Trump Media & Technology Group’s revenue and share price have sagged as its losses have piled up. The president-elect’s return to the White House could complicate things even more. Cordell Eminent Scholar Jay Ritter shares his insights in this story

Jay Ritter

Trump’s social media company in talks to buy crypto firm Bakkt, FT reports

Donald Trump’s social media company ended the trading day up Monday on reports it’s looking to buy crypto trading firm Bakkt. Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, skyrocketed more than 160% and were halted multiple times due to volatility.

Jay Ritter

The IPO window could reopen after 2 brutal years amid Trump trade ‘exuberance’

Investors have been waiting for the US IPO market to thaw after two challenging years. Donald Trump’s election win may help do just that. Since Trump’s victory last week, the stocks of investment banking leaders including Morgan Stanley, Goldman Sachs, JPMorgan,

Jay Ritter

Klarna IPO emerges as fintechs gain traction and bankers signal more interest in stock debuts

Klarna, the buy-now-pay-later company, aims to tap into revival of interest in stocks like Affirm and SoFi with its recent IPO. With shares of other financial-technology, or fintech, companies such as Sofi Technologies Inc. on fire in recent weeks and

Jay Ritter

Donald Trump will make a $400,000 salary as president. His shares in Trump Media could keep him rich to the tune of $8 billion

Analysts have spent years attempting to ascertain Trump’s precise net worth—and Trump hasn’t helped, by refusing to publish his tax returns over the years. According to Cordell Eminent Scholar Jay Ritter, though, the largest part of Trump’s paper wealth is

Jay Ritter

Here’s how much Donald Trump is worth, from his DJT stock to real estate

Donald Trump may have joined the ranks of America’s richest people through his real estate holdings, from golf courses to hotels, but it’s his stake in the fledgling Trump Media & Technology Group that has more than doubled his net

Jay Ritter

Trump Media stock halted three times, closes down on Election Day: What’s next for DJT?

On Election Day as voters headed to the polls, the wild fluctuations that have become the hallmark of Trump Media & Technology Group’s stock continued their dizzying course. The parent company of Truth Social was halted three times for volatility. Shares closed

Jay Ritter

Stock Market Election Indicator Predicts 2024 Presidential Race

Known as the “Presidential Predictor,” the longstanding stock-market-based indicator method has successfully forecast the outcome of 21 of the past 24 elections. The S&P 500’s prediction is not without skeptics. Some experts like Cordell Eminent Scholar Jay Ritter caution that

Jay Ritter

A week before the election, DJT stock surges amid Trump’s rise in the betting markets

Shares of former President Donald Trump’s social media company rose nearly 9% Tuesday to $51.51 in a rollercoaster trading session that saw the stock halted several times due to extreme volatility. Cordell Eminent Scholar Jay Ritter explains why in these

Jay Ritter

Trump Media stock soars nearly 200% as momentum traders ride its coattails to chase major returns

Despite its recent rally, TMTG’s financial performance has been lackluster. In the first half of this year, the company reported losses of $344 million on revenues of $1.6 million. However, over the last few weeks the stock’s momentum could have

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