Stocks of Trump Media & Technology Group plummet after volatile start on Nasdaq, raising concerns of overvaluation and comparison to meme stocks like GameStop
NEW YORK, NY – Donald Trump’s media venture, Trump Media & Technology Group, faced a tumultuous start as a publicly traded company, experiencing a significant drop in its stock value on the Nasdaq exchange since its debut last month. The company’s shares, traded under the symbol “DJT,” plummeted to a new low of $40.59, marking a 12% decline. Ever since its initial spike to $79.38 on the first day of trading, financial analysts have raised …