Trump Media Stock Sees Volatile Trading Amid Questions Over True Value
• Trump Media & Technology Group stock had volatile trading this week, surging initially but then falling back down • The company is likely overvalued compared to other social media firms based on its limited users and revenue • Supporters of former President Trump are propping up the stock price more than business fundamentals • The stock gives Trump paper wealth gains but he faces restrictions on selling shares in the near term • Experts predict continued volatility and an eventual decline for the stock back to the single digits