Trump Media stock didn't rally after the election. Here's why

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Sat, December 7, 2024

[ Sat, Dec 07th 2024 ]: Zee Business

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Fri, December 6, 2024

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[ Fri, Dec 06th 2024 ]: The New York Times

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[ Fri, Dec 06th 2024 ]: The Jamaica Observer

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[ Fri, Dec 06th 2024 ]: Winchester Star

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Thu, December 5, 2024

[ Thu, Dec 05th 2024 ]: The New York Times

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[ Thu, Dec 05th 2024 ]: USA Today

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Trump Media stock didn't rally after the election. Here's why

//business-finance.news-articles.net/content/202 .. -didn-t-rally-after-the-election-here-s-why.html

Published in Business and Finance on Thursday, December 5th 2024 at 6:01 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Markets and cryptocurrencies soared to new heights after Donald Trump secured a second term at the White House. But one stock, which bears the president-elect's name, hasn't gotten the same boost in the month since Election Day.

The article from MSN discusses the lack of a significant rally in Trump Media & Technology Group's stock following the first presidential debate between Joe Biden and Donald Trump. Despite expectations that the stock might surge due to Trump's performance, the stock only saw a modest increase of about 3% in premarket trading. Several factors contributed to this muted response: firstly, the stock has been highly volatile since its debut, experiencing dramatic swings in value. Secondly, the company's financial health is precarious, with significant losses reported and concerns about its ability to continue as a going concern. Additionally, the stock's valuation seems to be more tied to Trump's political fortunes rather than the company's operational success, leading to skepticism among investors about its long-term viability. The article also notes that while Trump's visibility might boost the stock temporarily, the underlying business fundamentals and the speculative nature of the investment make it a risky bet.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/trump-media-stock-didn-t-rally-after-the-election-here-s-why/ar-AA1vjMCf ]

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