Retail Investors Drive Up Prices of Money-Losing Reddit and Trump Media Stocks

Reddit and Trump Media are the latest meme stocks, with questionable profit potential but surging share prices driven by retail investors
Trump Media shares jumped 16-59% in its first days of trading, while Reddit rose 48% initially; both lack a clear path to profitability
Trump Media lost $49M in the first 9 months of 2021 on just $3.4M in revenue, while Reddit has never turned a profit in its 20-year history
Small, retail investors are piling into both stocks to either support Trump or simply to capitalize on the trading frenzy
While 2021's meme stocks like GameStop and AMC eventually faded, analysts are even more skeptical of the sustainability of Reddit and Trump Media