Experts have likened Trump Media & Technology Group’s trading to a meme stock, given the prices seem to be driven more by popular support rather than the business’s financial success or outlook. Cordell Eminent Scholar Jay Ritter explains that many meme
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DJT stock rebounds since hush money trial low. What to know about Truth Social trading.
Cordell Eminent Scholar Jay Ritter shares his insights on the parent company of social media platform Truth Social’s continued volatile journey on the stock market, doubling since a low three weeks ago. Read more in this story from USA Today.
The truth about Truth Social
It’s been just over a month since Trump Media & Technology Group — ticker symbol DJT — started trading on the Nasdaq. We recently learned from a regulatory filing that the company has issued around $1.5 billion worth of new
The Uncertainty Effect: Why IPOs May Be on Hold Until Post-Election
Historical trends suggest presidential elections don’t move the needle, but certain companies have delayed their IPOs because of presidential elections–and 2024 will be a divisive one. Cordell Eminent Scholar and IPO expert Jay Ritter shares his insights in this story
Truth Social owner Trump Media asks Congress to investigate ‘troubling’ market manipulation claims
Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. However, experts like Cordell Eminent Scholar Jay Ritter told CNN they are skeptical there is clear evidence of market
Donald Trump is on the verge of another $1 billion Truth Social windfall
Former President Donald Trump is on the cusp of scoring a major financial bonanza – at least on paper. As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track
Algorithms powering John Ruiz’s company being probed by SEC, Justice Department
When attorney John H. Ruiz took his company public in 2022, the Miami entrepreneur promised that its software algorithms were so effective they could spot billions of dollars in improperly paid health-insurance claims that would eventually yield significant profits for
Why a ‘collapse’ of younger VC firms may not be a bad thing, according to a top angel investor who backed Uber and Robinhood
Although private markets are rebounding along with an IPO market that just saw the highest grossing quarter since 2021, some newer VC firms aren’t counting themselves among the recent winners. Cordell Eminent Scholar Jay Ritter shares his insights on why
Why is Trump’s Truth Social stock plummeting?
After vaulting from an initial offering price of about $50 to a peak of nearly $80 in late March, Truth Social’s share price has dropped a staggering 68%. In early trading on Tuesday, the price stood at about $25. Cordell
Trump Media stock price plummets Monday as company files to issue millions of shares
Trump Media & Technology Group shares plummeted more than 18% Monday after the company took steps to sell millions of additional shares. Cordell Eminent Scholar Jay Ritter expects the stock price will continue to be highly volatile. Read more insights
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