Trump Media & Technology Group, the parent company to former president Donald Trump’s social media platform Truth Social, closed at a record low following Tuesday night’s presidential debate. Cordell Eminent Scholar Jay Ritter shares his insights in this story from USA
Jay Ritter Articles: page 6
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Where have all the I.P.O.s gone?
Despite this week’s stock market swoon, the S&P 500 is on a run for the ages. The benchmark index has risen nearly 40 percent over the past two years, and has more than doubled from the pandemic low it hit
Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. That will change very soon. Cordell Eminent Scholar Jay Ritter helps explain why. Read more in this story from CNN.
DJT sinks to new low: Why Trump Media investors are feeling less bullish
As a trading concern, Donald Trump’s social media company has become a way for investors to bet on the former president’s odds of retaking the White House. Since going public through a special-purpose acquisition company merger in March, shares of Trump Media
Trump Media stock is plummeting. These shareholders don’t care.
Shares have fallen more than 40% over the past month. Cordell Eminent Scholar Jay Ritter explains the volatility. Read more in this story from ABC News.
UM booster John Ruiz’s company LifeWallet admits ‘substantial doubt’ about its future
Cordell Eminent Scholar Jay Ritter shares his insight into University of Miami booster John H. Ruiz’s insurance claims company LifeWallet telling investors that there is “substantial doubt” about its ability to continue operating. Read more in this story from The
Clear thinking: price mismatch means tech IPOs will stay stuck in slow lane
IPO data from Cordell Eminent Scholar Jay Ritter informs this story about tech companies going public. Read more from International Financing Review.
DeSantis paints Trulieve cannabis company as ‘Canadian’ amid recreational marijuana spat
Asked if it’s accurate to call Trulieve a Canadian company, University of Florida Cordell Eminent Scholar Jay Ritter said, “I can see both ‘yes’ and ‘no’ being correct answers.” Read more of Ritter’s insights in this story from The Tallahassee
How did the stock market bounce back from its worst day in years?
The S&P 500 suffered its worst day since 2022. Then it recovered within days. Cordell Eminent Scholar Jay Ritter explains why in this story from ABC News.
Antitrust scrutiny isn’t the sole reason for declining startup mergers, acquisitions
Initial public offerings get lots of press, but it’s the merger-and-acquisition market where most deals and much of the money are made in startup investing. The vast majority of startups that stay in business get acquired, and the proceeds from
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