Trump Media Company Valuation Soars Amid Meme Stock Frenzy

Meme stock mania has boosted the valuation of Trump's media company, Truth Social, beyond established companies like Etsy and Hasbro
Truth Social's parent company TMTG is now worth over $9 billion based on its share price, making Trump's stake worth over $5 billion
Trump's estimated net worth has increased by $4.7 billion this year to around $7.8 billion due to Truth Social
Retail investors who boosted meme stocks like GameStop seem to be piling into TMTG stock and propelling its price higher
TMTG's valuation is extremely high relative to its revenue and profits, but meme stock buyers tend to ignore fundamentals and get caught up in hype